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NEW YORK (AP) - The worldwide semiconductor industry is expected to grow by 2.5 percent in 2007, lower than past expectations, said market research firm Gartner Inc.
Citing more "severe" declines in average selling prices for dynamic random access memory, or DRAM, chips and continued price competition in the microprocessor market, Gartner now thinks worldwide semiconductor revenue will total $269.2 billion (euro200.1 billion) in 2007, up 2.5 percent from 2006.
Gartner had previously projected 2007 revenue would increase 6.4 percent.
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