By Simon Duddy
Growth is on the cards for chip firms, says IDC, with 2004 set to be a boom year, thanks in part to mobile computing.
Market research firm IDC predicts that semiconductor revenue in the desktop and mobile segments will grow 18% to $53.6 billion in 2004. Revenue is expected to grow faster in the mobile segment than in others.
"The recovery of the PC semiconductor market will hit its stride in 2004, specifically in the second half of the year," Shane Rau, IDC's semiconductor analyst, said in a statement. "Carrying the recovery along will be the key trends of mobility, connectivity and increasing overlap between the consumer and PC markets."
Other signs have showed that the industry is buoyant, with worldwide sales of semiconductors reached $15.5billion during the first month of the year, up 27% from the $12.3billion in sales in January 2003.