Press release published by: https://www.storagenewsletter.com/
This is a Press Release edited by StorageNewsletter.com on 2017.12.04
Source URL: https://www.storagenewsletter.com/2017/12/04/semiconductor-industry-toward-record-year-ihs-markit/
The semiconductor industry continued its upward trend in 3Q17, notching 12% sequential growth with strength across all application markets, according to IHS Markit Ltd.
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Global revenue totaled $113.9 billion, up from $101.7 billion in the second quarter of 2017.
As memory prices remain high and the wireless market continues to see strong demand through the fourth quarter, 2017 is shaping up to be a record-breaking year for the semiconductor industry. It is projected that semiconductor revenue will reach a record-high $428.9 billion in 2017, representing a year-over-year growth rate of 21%.
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