Chipmaker Conexant Systems has joined the ranks of companies forecasting a slight improvement in market conditions.
The company said on Thursday (29 November) that it now it expects revenues for its first fiscal 2002 quarter to 28 December to be between 5 and 7% higher than the $201m it reported in Q4 2001.
The company had already expected modest growth during the period, but said that its Wireless Communications Division had performed better than expected. The division is, Conexant said, on course for a 25% quarter-on-quarter increase in revenues.
Dwight Decker, chairman and CEO, added: "This is the result of strong demand across our wireless product portfolio, including power amplifiers, complete GSM cellular system solutions and radio frequency subsystems."
In the last 10 days, foundry TSMC and passives supplier Epcos have also pointed to order growth ahead of expectations.