A strong showing in wireless communications chip demand contributed to a solid 5 percent year-over-year growth in the worldwide semiconductor market, which reached $318 billion in 2013, says IHS. This was in marked contrast to 2012, when semiconductor revenue totaled $303 billion, a 2.4 percent drop from 2011.
Despite concerns that the tablet growth might slow, IHS Technology is forecasting that tablet production will surge 25 percent this year compared with last year. Overall, IHS expects production of connected devices will top 6 billion units this year.
Shipments of tablet LCD panels are forecast by HIS Technology to slow in the first quarter after surging 43 percent year-over-year in December to reach 31.1 million panels shipped in the month.