PARIS – The IC industry growth will grow over the next ten years, said Bill McClean, CEO of IC Insights (Scottsdale, Ariz.)., at the recent IMEC Technology Forum at the Square meeting center in Brussels, Belgium.
In his keynote, McClean presented IC Insights’ forecast for the IC market in the context of the IC industry cycle model. He proposed a top-down analysis of the IC market and included trends in worldwide Gross Domestic Product (GDP) growth, electronic system sales and semiconductor industry capital spending and capacity.
“Two thousand twelve is going to be a turning point,” said McClean. “There is a lot of room for expansion in the semiconductor industry. The semiconductor market showed only 2 percent growth last year but it is expected to be about 6 percent this year. There is a good correlation between the semiconductor growth and the overall GDP growth. We expect to get better as the world issues get resolved, including the financial situation.”