SHANGHAI – The global semiconductor market is expected to grow 2.3% to $253.5 billion in 2007, according to the spring forecast of the World Semiconductor Trade Statistics group.

That’s down from 8.9% in 2006. However, a moderate second half recovery is expected, which leads to projected 10.2% growth in 2008. The current forecast through 2009 anticipates growth to peak next year.
 
Asia-Pacific continues to show growth rates well above the worldwide average, primarily as a result of rising local demand.