WSTS Revises Chip Growth Forecast to 17%
The World Semiconductor Trade Statistics (WSTS), a semiconductor firm member organization that tracks chip sales, has revised its forecast for 2017 semiconductor sales, saying it now expects growth of 17 percent compared with 2016.
WSTS joins a host of other market watchers that have revised forecasts upward as 2017 has unfolder. Thanks largely to skyrocketing prices for memory chips amidst capacity undersupply, the semiconductor industry is on pace to enjoy its largest single year growth since the recession recovery year of 2010.
WSTS bases its forecasts and sales reports on data provided by more than 50 semiconductor company members. Analysts and other market watchers generally uses WSTS data as the basis for their own forecasts.
Based on updated sales data, WSTS says it now expects chip sales for 2017 to reach $397 billion, which would top the record of $339 billion set last year. The organization had initially forecast that chip sales would increase by 11.5 percent this year.
Further growth in chip sales is expected next year, with WSTS predicting an additional 4.3 percent increase.
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