"The new forecast is brighter than our earlier projections, reflecting an improving global economy," said SIA President George Scalise. "Unit sales of key demand drivers -- including PCs and cell phones, which together account for about 60 percent of semiconductor demand -- have been stronger than previously predicted. We remain cautiously optimistic for the longer term. The current forecast is closely tied to projections of continuing improvement in the worldwide economy."

About the SIA

The SIA is the leading voice for the semiconductor industry and has represented U.S. semiconductor companies since 1977. Collectively, the chip industry employs a domestic workforce ofapproximately200,000 people. The semiconductor industry is America's second-largest exporting industry. More information about the SIA can be found at www.sia-online.org.

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