The German semiconductor market is expected to recover this year and grow by 13% to EUR 8 billion. Dr. Ulrich Schaefer, Chairman of the Semiconductor Components Group at the ZVEI-Fachverband Electronic Components and Systems, said the growth will be supported by the 15% turnover in discrete elements, optoelectronic semiconductors and sensors/actuators, as well as the 12% growth in the IC segment.

Last year, Germany's semiconductor market dropped 24.6% to less than EUR 7 billion. Schaefer attributes this to the demand decline in the automotive, as well as the industrial segments, mainly due to the global economic recession. On dollar basis, the drop in sales amounted was approximately 30%.

About ZVEI

ZVEI, the German Electrical and Electronic Manufacturers' Association, represents the economic, technological and environmental policy interests of the German electrical and electronics industry at the national, European and international levels. The organization provides specific information about the economic, technical and regulatory framework conditions of the electrical industry in Germany.

ZVEI promotes the development and use of innovative technologies by proposals concerning research, technological, environmental protection, educational and scientific policy. The organization also supports market-orientated European and international standards-making activities.

ZVEI's close contacts with political quarters and public administrations and the association's internal exchange of experience and views provide extensive information about the market and competition-related developments, which is tailored to the electrical and electronic industry's specific needs. Member companies use this lead in knowledge and experience to improve their international competitiveness. For more information, visit www.zvei.org.