NEW YORK: The global semiconductor market is expected to grow at a faster-than-expected click this year thanks to rising demand for DRAMs and other chips, industry sources said Monday.
With concerns over an oversupply in the second half of this year waning, more market trackers have revised up their growth projections for the world chip market this year, putting shares of chipmakers on an upward curve, reports The Korean Herald.According to the sources, a recent report from the World Semiconductor Trade Statistics has forecast global chip sales to rise 9.5 percent on-year to $451 billion this year.
The projection is higher than the 7 percent forecast presented by the WSTS in November last year.
In a report released a week ago, the US Semiconductor Industry Association said global semiconductors sales spiked 22.7 percent from a year ago to $37.6 billion in January, maintaining the on-year gaining streak for 18 months on end.
Early this month, global investment bank Goldman Sachs said in a report to investors that the price of 32-gigabyte server modules had risen as high as 5 percent in just one month amid a global undersupply of DRAMs.