The semiconductor industry is on target to reach a global value of £150 billion by 2003, according to a report from analyst Gartner Group's subsidiary, Dataquest.
This growth will be fuelled by increasing demand for personal computers, communications and consumer electronics over the coming years, the report said last week.
The cycle of oversupply of dynamic, random-access memory will continue to lead the industry toward a global shortage of memory chips, which will begin in late 2000 and continue well into 2001, the report said.
The report also indicated that the Americas would continue to be the leading area of revenue growth for the semiconductor industry and that the industry is moving toward system-on-a-chip devices that will reshape future customer/supplier business models and deliver on the promise of low-cost computer systems.
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