A slew of demand for semiconductors is helping the industry to hit a targeted 7.2 percent growth to hit US$338 billion this year.
Apple and Samsung are among the many IT vendors that have unleashed new products in recent months, spurring the growth in the semiconductor market.
“Semiconductor revenue set an all-time record in the third quarter of 2014, fueled by a strong electronics build for the holiday season. Get ready for a flood of new product introductions, ranging from simple low-cost tablets to high-end ultramobiles and smartphones. Demand for the iPhone 6 and iPhone 6 Plus has been robust, but there is concern for other types of devices planned for the holidays,” said Jon Erensen, Research Director of Gartner.