Chip capital spending rises
By Staff -- Purchasing, 1/18/2007 2:00:00 AM
Semiconductor industry capital spending will reach $53 billion in 2006, a 14% increase over 2005, and then grow to $80 billion by 2011, according to market researcher IC Insights.
The capital expenditure (capex) record of $60 billion, which was set back in 2000, will be broken in 2009 when capex reaches $65 billion. Industry analysts say chip companies need to continue to increase capital spending because of healthy semiconductor demand through the year 2011 when the chip market will reach $400 billion. From 2006-2011, the worldwide semiconductor market will have a compound annual growth rate of 10.1%.
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