The downturn may be nearing for the semiconductor sector according to the trade group that monitors its health.
The Semiconductor Industry Association (SIA) announced Friday that the manufacturers it represents should rebound in 2010 after slumping badly through the rest of 2009. The SIA said it is projecting sector sales to reach US $195.6 billion for the current year, a decline of 21.3 percent from sales of $248.6 billion the previous year.
The good news in the brief semi-annual estimate is that the SIA sees sales reaching $208.3 billion next year, a jump of 6.5 percent, followed by another 6.5 percent increase the year after, which would peg the income from microchips and processors climbing to $221.9 billion.
The SIA is the organization that represents the public business interests of members such as IBM, Intel, and Texas Instruments.