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Worldwide semiconductor market to top $300bn in 2012

The worldwide semiconductor market is forecast to reach $301billion in 2012 - up 0.4% over the previous year.

World Semiconductor Trade Statistics (WSTS) has described the forecast as 'relatively weak', on account of the Asia Pacific region weighing down worldwide growth.

A much healthier growth rate of 7.2% is predicted for 2013, however.

Of all the regions, Europe is expected to see contraction next year due to the overall regional economy, while the Americas region could see healthier growth.

Looking forward, WSTS forecasts that the worldwide semiconductor market will grow 7.2% to $322bn in 2013, followed by 4.4% growth to reach $336bn in 2014.

Author
Laura Hopperton

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