KUALA LUMPUR: Global semiconductor revenue is forecast to increase to US$450bil this year and climb to US$500bil in market size in 2024, with steady annual growth between 4% and 6%, according to International Data Corporation (IDC).
Underpinning the growth is the recovery in economic growth after the Covid-19 pandemic and this is expected to spark an expansion of the semiconductor industry, according to the virtual SEMI industry strategy symposium (ISS) last week.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!