The global semiconductor market is expected to struggle over the next two years, according to two market research companies.
And, say Gartner analysts, the sector will generate only $168.1bn in 2001, a drop of 26 per cent on 2000's figure which stood at $226bn.
Separate reports from Gartner Dataquest and IDC paint a dismal picture for the rest of 2001, and a pretty gloomy outlook until 2003.
Mary Olsson, chief analyst at Gartner, said: "There are few signs of design wins. Component prices and lead times are still low, and electronic system component demand is weak."
"Based on guidance and early reports from some of the larger bellweather companies involved in PCs, storage and communications, the second half of 2001 will be dismal for the semiconductor industry," she added.
Meanwhile, IDC said it expected the market to end 2001 a quarter lower than it did in 2000. Although previously arguing that the PC market may pick up early next year, IDC now thinks the eagerly awaited recovery in the PC market, and in turn the chip market, will not take place until 2003.
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