An important market observer of the semiconductor industry once again adjusted the chip sales forecast in 2017, because the sales of the industry in October reached a record high.
The World Semiconductor Trade Statistics (WSTS) organization is composed of more than 55 chip companies sharing sales data. They expect that this year's sales will increase by 20.6% to more than 408 billion US dollars. This will mark the first time that the industry's sales exceeded $400 billion a year, and this is only the last four years after exceeding the $300 billion mark.
"The market growth continues to be driven by the strong demand for memory products, but the comprehensive sales of all other semiconductor products have also increased significantly, showing the strong growth of the market this year," said John Neuffer, President and CEO of the trade organization of the semiconductor industry association (SIA).
Analysts have been improving the forecasts of the semiconductor industry, because the rise in memory prices has already explained everything, and should be prepared for a strong market rise. Last week, market research firm IHS predicted that the market would grow by 21% this year. In October, Gartner, a research company, predicted an annual growth of nearly 20%, while IC insights last month raised its forecast to 22%.
According to WSTS data, chip sales rose 41% in the Americas, 19.5% in Europe, 19.1% in China, 16.3% in the Asia Pacific region and 10.7% in Japan in October. WSTS said that sales in all regions continued to rise slightly.