IC Insights expects a ‘moderate’ increase in the worldwide economy, and expects that the chip industry will continue displaying an ‘excellent correlation’ with worldwide GDP growth.
Other forecasts for next year are Mike Cowan at 8.7%, Semiconductor Intelligence at 8%, WSTS at 5.8%, Statista at 5.4% and Future Horizons at 4%.
IC Insights expects a ‘moderate’ increase in the worldwide economy, and expects that the chip industry will continue displaying an ‘excellent correlation’ with worldwide GDP growth.
Other forecasts for next year are Mike Cowan at 8.7%, Semiconductor Intelligence at 8%, WSTS at 5.8%, Statista at 5.4% and Future Horizons at 4%.
In 2024, the IC market is forecast to reach $575 billion, says IC Insights, up from $356 billion in 2019.
The China market is expected to provide a key role in these growth estimates, explains the 2020 23rd Edition of The McClean Report.
Source: electronicsweekly
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