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Amid rapidly deteriorating conditions in the global economy and electronics value chain, iSuppli now is predicting worldwide semiconductor revenues will decline in 2008 compared to 2007. Global semiconductor revenues now are expected to decrease to US$266.6 billion for the full year 2008, down 2% from US$272.0 billion in 2007. iSuppli's previous forecast, from September, called for 3.5% growth. This will represent the first year of decline for the global semiconductor industry since the post dot-com bust year of 2001, when revenues plunged by 28.7%.
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