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A new projection for the semiconductor industry in 2017 now has revenue reaching $386 billion.
Source: Marta Diago Marco/Flickr
Predictions of 2017 semiconductor market growth continue to get more optimistic as the year rolls on, with favorable conditions in the commodity memory market continuing to be seen as the main driver.
In April, market research firm Gartner Inc. said it expects semiconductor industry sales to grow 12.3 percent this year, reaching $386 billion. Gartner said favorable market conditions that gained momentum in the 2H16 raised the outlook for the chip market in 2017 and 2018.
But Gartner also cautioned that the rush to add DRAM and NAND flash capacity to capitalize on these conditions and the rise in manufacturing in China would likely result in a market correction in 2019.
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