"Memory continues to lead the semiconductor market higher and is expected to increase 57 per cent in 2017 as supply and demand dynamics increase prices. A shortage of memory, and in particular 'DRAM', is driving semiconductor revenue higher," said Jon Erensen, Research Director, Gartner, in a statement.
The semiconductor market is expected to increase 4 per cent in 2018 and reach $427.4 billion.
"Memory is driving the bill-of-materials cost higher across electronic equipment categories and we are starting to see increased costs get passed on by original equipment manufacturers (OEMs) through higher pricing," said Erensen.
Gartner expects the market to decline 1 per cent in 2019 as the memory market changes with leading vendors adding new supply.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.