Electronics Production | May 19, 2006
Raised forecast for the chip market
Gartner has raised the forecast for the chip sales in 2006.
This year Gartner forecasts the chip market to grow 10.6 percent. That is a bit more than the 9.5 percent that was earlier forecast. According to EETimes Gartner raised its forecast due to incoming signals of increasing demand on PC:s. With this forecasted growth Gartner expects the chip market to reach $259.5 billion in 2006, up from $234.6 billion in 2005. Memory chips are expected to grow 15.5 percent to $57.4 billion. “I was pessimistic about the outlook of the DRAM market a couple of months ago because of the oversupply problem, but in the past month PC shipments grew and that boosted demand for chips,” the report quoted Andrew Norwood, a Gartner vice president, as saying.