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Indian chip market to grow by 5.9%

Posted: 01 Apr 2009     Print Version  Bookmark and Share

Keywords:chip market  consumer confidence  IC forecast 

Gartner Inc. has cut its forecast for the Asia-Pacific chip market. In terms of consumption, the Asia-Pacific chip market is predicted to hit Rs.5.73 lakh crore ($115.2 billion) in 2009, down 22.7 per cent from 2008, according to the market research group.

In December, Gartner projected that the Asia-Pacific chip market would fall only 2.2 per cent in 2009.

The revised forecast is due to the financial crisis and lack of consumer confidence in the region, according to Gartner. Last month, Gartner cut its IC forecast—again. Worldwide semiconductor revenue is forecast to reach Rs.9.67 lakh crore ($194.5 billion) in 2009, a 24.1 per cent decline from 2008 revenue.

In the near term, look for a rebound. The Asia-Pacific chip market is projected to grow by 9.6 per cent in 2010.

Overall, the picture is mixed. China/Hong Kong remains the largest overall chip market in Asia, but the region is expected to show an annual growth of only 1.1 per cent from 2008 to 2013, according to Gartner.

India is growing the fastest at 5.9 per cent for that period. Malaysia, Singapore, South Korea and Taiwan are expected to contract by 1.7 per cent, 11.1 per cent, 5.6 per cent and 8.9 per cent, respectively, according to the firm.

-Mark LaPedus
EE Times

For tutorials and application notes on ICs, visit Embedded Design India.





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