Sat, Apr 12, 2014 - Page 14 News List

Global chip revenue grew 5% last year

Staff writer, with CNA

Worldwide semiconductor revenue grew 5 percent to US$315 billion last year, driven by the memory industry, particularly the DRAM business, according to global research firm Gartner Inc.

“After a weak start to 2013 due to excess inventory, revenue growth strengthened during the second and third quarters before leveling off during the fourth quarter,” Gartner research vice president Andrew Norwood said in a research note.

Although the overall revenue was driven by the DRAM industry, which rose 23.5 percent last year, the increase was not due to strong demand, but rather weak supply that pushed pricing higher, Norwood said in the note.

“The overall market faced a number of demand headwinds during the year, with PC production declining 9.9 percent and the premium smartphone market showing signs of saturation as growth tilted toward lower-priced, albeit quite capable, entry-level and mid-range smartphone models,” he added.

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