Chips up nearly 8 percent from 2013

The market for semiconductors is set to grow 3.3 percent this year to reach a figure of $ 323.2 billion according to the latest IHS iSuppli study. That would make growth at least more than the 1.25 percent plus of 2011. If the world market recovers in 2013, the analysts are looking to substantially higher annual growth rates of between 6.6 and 7.9 percent from 2012 through 2015. For 2015 they forecast global semiconductor turnover of $ 397.7 billion.