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Chip Sales Grew 22% in 2017, Gartner Says

SAN FRANCISCO, Jan. 05, 2018 – Semiconductor sales grew by 22 percent to reach a record $419.7 billion – with memory chips leading the way – according to a preliminary estimate by market research firm Gartner.

Gartner (Stamford, Conn.) estimates that increased sales of memory chips due to shortages of NAND flash and DRAM accounted for about two-thirds of overall chip market growth in 2017. Memory also become the single largest semiconductor products category last year, according to the firm.

The estimated total sales for the year of $419.7 billion – while preliminary – is more aggressive than the latest forecast issued by the World Semiconductor Trade Statistics (WSTS) organization last month.The WSTS – an organization of more than 50 semiconductor companies that pool sales data – expects 2017 semiconductor sales to be about $409 billion, an increase of 21 percent compared with 2017.

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