International Data Corporation (IDC) has delivered a gloomy prognosis for the global semiconductor and PC industries.

IDC claims the market is in decline, and doesn't expect to see a recovery until 2005. It blames the decline on weakening demand for personal computers, and forecasts the first-ever year-over-year decline in PC sales.

IDC also expects the global semiconductor market to be worth $38 billion in 2001, compared to $50.3 billion in 2000.

The desktop semiconductor market will be the hardest hit market sector, falling from $38.6 billion in 2000 to $27.3 billion in 2001, claims IDC.

Other related industries are predicted to suffer, too. The microprocessor market will decline from $27.1 billion to $22.2 billion, while the market for DRAM (dynamic random access memory) will fall to half its 2000 value, reaching $6.6 billion by the end of 2001.