Semiconductor industry group says chip sales forecast looks 'brighter'

SAN JOSE, Calif. (AP) - The Semiconductor Industry Association said Thursday its forecast for global chip sales is brighter than its previous projections, reflecting an improving economy.

The industry group said it expects worldwide chip sales of $219.7 billion for 2009, a decline of 11.6 percent from 2008.

But sales are expected to grow by 10.2 percent next year, to $242.1 billion, and by 8.4 percent in 2011 to $262.3 billion.

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