Semiconductor market to grow 15% in 2005

According to Future Horizons, semiconductor market growth in Q1 2005 was seasonally weak but in line with previously set expectations as an inventory correction worked its way through the supply chain. Integrated circuit shipments were up 1.1% in value with total semiconductors up 0.4% in value. Future Horizons said the semiconductor market is still on track for 15% growth over 2005, and that Q2 2005 will see mild growth followed by a strong second half rebound.