Future Horizons still bullish about IC growth in '05

Future Horizons (Sevenoaks, England) also believes that there are currently two clear scenarios for the semiconductor industry in 2005. The most favorite scenario is a doom and gloom short-lived recovery, according to the firm.

"We strongly disagree with favored opinion, and believe 2005 will see continued growth through into 2006. The current uncertainty is partially a backlash from the severity of the past recession, coupled with underlying economic concerns," said Malcolm Penn, CEO of Future Horizons, in a statement.

Future Horizons dropped hints it will shortly make a new forecast for 2005. Back in the summer, the research firm projected that the global semiconductor market will grow 32 percent in 2004 to $220 billion, and a further 28.0 percent in 2005 to $282 billion (see July 3 story).