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STAMFORD, CT Gartner Inc. has raised its 2008 worldwide IC forecast from 3.4% to 4.6%. The firm now says the IC industry is projected to reach $287 billion this year.

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SAN JOSE, CA – Worldwide sales of semiconductors in April were $21.2 billion, up 5.9% year-over-year, the Semiconductor Industry Association reported today.

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STAMFORD, CT – According to a recent global Gartner survey of 1,000 CIOs in February and March, Asia-Pacific CIOs expect their budgets to increase 5.98% in 2008, while European CIOs expect a 3.85% increase.
 
U.S. CIOs, however, only expect their budgets to increase 2.3%.
 
The average expected increase for all CIOs is 3.3%.
 
“The reason we believe IT budget growth will remain stable globally at 3.3% is because Europe and Asia-Pacific are experiencing accelerated and additional growth,” Gartner analyst Mark McDonald said. “The current economic conditions when viewed from outside the US are seen as a US-only phenomenon.”

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