Chip market to grow 3.5% in 2005

Investment banking company SG Cowen Securities lowered its semiconductor market growth forecast by 0.5% taking it down to 3.

Investment banking company SG Cowen Securities lowered its semiconductor market growth forecast by 0.5% taking it down to 3.5%. Back in December 2004 the firm reduced its forecast for 2005 chip market growth from 10% to 4%.