LONDON – Market research firm International Data Corp. has cut its forecast on the annual revenue growth of the semiconductor sector to between 4 and 5 percent from 6 to 8 percent, according to a Dow Jones report.
IDC did so due to its reduced forecast for PC sales, the report said. IDC has lowered its forecast for PC shipment growth to 4.2 percent from 7.0 percent. This in turn is because demand from Japan has yet to recover in the aftermath of the March earthquake and because the economic recovery in the United States remains slow, the report said.
IDC would be the latest of a series of forecasters to go bearish on the prospects for the chip market in 2011, joining Nomura (4.4%), foundry Taiwan Semiconductor Manufacturing Co. Ltd. (2%) and Bruce Diesen of Carnegie Group (5%). Mike Cowan's linear regression analysis model of the chip market puts 2011 chip market growth at 8.1 percent.
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