Sales of semiconductors for telecom markets substantially up

A new study from IDC reveals that the semiconductor market for datacom/telecom infrastructure is showing signs of renewed growth. IDC now expects the market to grow 6.2% year-over-year to $3.7 billion in 2004, after a 4.5% year-over-year decline last year. For the 2003-2008 forecast period, IDC predicts the market will experience a 7.3% compound annual growth rate (CAGR), reaching close to $5 billion in 2008.