Global chip industry to grow 2.6% in 2019: report
The global semiconductor industry is expected to expand 2.6 percent year-on-year in 2019 on steady demand, despite an end to a super boom in the memory chip segment, a report showed Monday.
According to the recent report from market researcher Gartner, sales of the world chip industry are projected to reach $489 billion this year, compared with $477 billion last year.
The projection is widely seen as “upbeat,” though it is sharply lower than the double-digit growth rates for the previous two years.
The global chip sector posted a stellar 21.6 percent on-year growth rate in 2017, with the figure slowing to 13.4 percent last year.
Gartner painted a rosier outlook for next year, saying the world chip sector may enter into an upturn by growing 8.1 percent year-on-year to $528 billion.