Future Horizons Expects Double Digit Growth for Semiconductor Market

6/24/2005 - Future Horizons, Europe's leading electronics analyst announced that it is holding firm to its double digit growth prediction for the global semiconductor market in 2005. Growth in Q1 2005 was seasonally weak but in line with expectation according to Future Horizons. Integrated circuit shipments were up 1.1 per cent in value with total semiconductors up 0.4 per cent in value.

Future Horizons will hold its Mid-Term Semiconductor Industry Briefing in London on 26 July 2005 and will include a mid-year analysis and forecast and longer-term predictions for the worldwide semiconductor market.

Future Horizons believes that the semiconductor market is on track for 15 per cent growth over the year, and that Q2 will see mild growth followed by a strong second half rebound.

"A glass half empty mentality continues to dog confidence in the semiconductor market. But the current momentum is simply too strong for anything other than growth, barring any unforeseen serious market disruption," said Malcolm Penn, CEO, Future Horizons.

"The pessimists are being forced to reach for their erasers and revise their original overly negative forecasts up".

The industry's basic fundamentals remain robust according to Future Horizons. World GDP growth remains resilient; capital expenditure is not overheating; underlying unit demand is strong; inventory will be purged sooner rather than later; and average selling prices continue to rise.

The Future Horizons Mid-Term Semiconductor Industry Briefing will take place on 26 July 2005 at Kensington Close Hotel. To book a place at the event priced 495, please visit www.futurehorizons.com.

About Future Horizons
Future Horizons, founded in 1989, is Europe's leading semiconductor analyst. It provides market research and business support services for use in opportunity analysis, business planning and new market development. Its industry information seminars and Forums are widely considered to be the best of their kind. Future Horizons publishes a series of monthly, half-yearly and annual market reports, with emphasis is placed on the worldwide microelectronics and electronics industry and the European market environment. See www.futurehorizons.com for further information.

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