IDC Report: Semiconductor Market to Grow by 17.3% in 2021, Overcapacity by 2023

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IDC Report: Semiconductor Market to Grow by 17.3% in 2021, Overcapacity by 2023

IDC yesterday published a report on the health and expectations of the semiconductor market, noting an expected growth of 17.3% for the current calendar year. The forecast beats the historical growth of 10.3% registered for 2020, which saw overwhelming demand for semiconductors from almost all related industries due to the COVID-19 pandemic. 

The report indicates that foundry capacity throughout 2021 is allocated at nearly 100%, albeit issues remain from back-end manufacturing and materials procurement. By mid-2022, supply should return to normal, following production capacity expansions coming online. IDC expects this growth to be driven by mobile phones, notebooks, servers, automotive, smart home, gaming, wearables, and Wi-Fi access points. 

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Another element of the report is cause for trouble however: IDC forecasts memory price increases as well, driven by increased demand and mounting capacities for consumer electronics (larger internal storage and RAM, alongside the transition from 4G phones to 5G and its related consumption increase are partly responsible).

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