San Francisco, Feb 3 (Ians) Despite the impact of Covid-19 on the global economy, worldwide semiconductor revenue grew to $442 billion in 2020, an increase of 5.4 per cent compared to 2019, said a new report from International Data Corporation (Idc).
The market for semiconductors in computing systems, such as PCs and servers, outpaced the overall semiconductor market, growing 10.9 per cent year over year to $152 billion in 2020, said the report.
The semiconductor market will reach $476 billion in 2021, a 7.7 per cent year-over-year growth rate as the various Covid-19 vaccines are disseminated and economies begin to open and gradually recover, according to a forecast by Idc.
"The nature of the recovery will depend upon how quickly government stimulus plans stabilize the global macroeconomy and consumer confidence improves as vaccinations roll out around the world," said Mario Morales, Program Vice President, Enabling Technologies and Semiconductors at Idc, in a statement.
"There are specific markets that remain on an...
The market for semiconductors in computing systems, such as PCs and servers, outpaced the overall semiconductor market, growing 10.9 per cent year over year to $152 billion in 2020, said the report.
The semiconductor market will reach $476 billion in 2021, a 7.7 per cent year-over-year growth rate as the various Covid-19 vaccines are disseminated and economies begin to open and gradually recover, according to a forecast by Idc.
"The nature of the recovery will depend upon how quickly government stimulus plans stabilize the global macroeconomy and consumer confidence improves as vaccinations roll out around the world," said Mario Morales, Program Vice President, Enabling Technologies and Semiconductors at Idc, in a statement.
"There are specific markets that remain on an...
- 2/3/2021
- by IANS
- GlamSham
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