Alternative energy technologies to grow at 40% a year

Despite a sluggish forecast for the overall high-tech industry in the near term, alternative energies technologies are expected to grow at a 40% annual rate through 2012, and semiconductors used in these applications will see a comparable growth, according to The Information Network. The semiconductor market in 2008 was nearly $800 mln and will more than double to nearly $2 bln in 2012.