Increased sales of electronics and new forms of computing devices will drive the worldwide semiconductor market to growth this year after a slowdown in 2012, the nonprofit organization World Semiconductor Trade Statistics (WSTS) said on Monday.
Semiconductor revenue this year will grow by 4.5 percent compared to 2012, in which yearly revenue was $290 billion. Last year's revenue dropped by 3.2 percent compared to 2011, primarily due to a challenging global economy and a slowdown in the Chinese market.
Semiconductors provide the base for computing and are used in a range of products including PCs, smartphones, tablets, cars, and medical devices. Semiconductor demand over the past few years has been closely tied to the supply and demand of products, with more product purchases helping semiconductor sales grow.
The Semiconductor Industry Association (SIA), which represents U.S. semiconductor companies, also said the semiconductor market is poised to rebound next year.
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Source: http://www.pcworld.com/article/2027062/semiconductor-industry-to-recover-this-year.html
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