Semiconductor Revenue to surpass $400B in 2017

Gartner sees worldwide semiconductor revenue surpassing $400B in 2017

Worldwide semiconductor revenue surpassing $400B in 2017, See Stockwinners Market Radar

Worldwide semiconductor revenue is forecast to total $401.4B in 2017, an increase of 16.8% from 2016, according to Gartner, Inc.

This will be the first time semiconductor revenue has surpassed $400B.

The market reached the $300B milestone seven years ago, in 2010, and surpassed $200B in 2000.

“A shortage of memory is creating a boom in the overall semiconductor market,” said Andrew Norwood, research vice president at Gartner (IT).

“Memory vendors have been able to increase their price for DRAM and NAND, driving revenue and margins higher.” The booming memory market, with revenue forecast to increase 52% in 2017, is expected to shake up semiconductor market share rankings.

“As the largest memory supplier, Samsung Electronics (SSNLF) is set to gain the most,” said Norwood.

“This gives Samsung its best shot at capturing the No. 1 position from Intel (INTC) for the first time.”

Other publicly traded companies in the space include AMD (AMD), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).

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The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.

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