Brighter prospects lie ahead for manufacturers of semiconductors and consumer electronic products, at least in Britain and Ireland.
The Semiconductor Manufacturers’ Association, part of the Federation of the Electronics Industry, expects the market to increase by 9% this year to about £5bn.
Pressure on DRAM (dynamic random access memory) prices, which fell through the floor last year, is expected to continue, said the association.
The SMA represents 25 of the world’s leading semiconductor manufacturers, including Siemens and Korea’s LG International which both have substantial UK electronics investments coming on stream this year.
In 1997, the strongest growth for semiconductors will be in communications where the SMA forecasts a 21% rise in sales.
DRAM pressures, page 16