Asian semiconductor industry to grow 27.4% in 2004

The Asia Pacific semiconductor industry will grow at a world-fastest rate of 27.4% to reach 90.8 billion US dollars this year, fuelled by demand in China, research house Gartner said Tuesday. Over the next four years, the industry is expected to average 14.3 percent annual growth to be worth 138.8 billion dollars, up from 71.3 billion dollars in 2003.