Global chip market to expand 4.5% in 2013


Posted at Nov 27 2012 04:40 PM | Updated as of Nov 28 2012 12:40 AM

TOKYO - The global semiconductor market in 2013 is likely to grow 4.5 percent from this year to $303.05 billion, led by expected expansion of electronics products such as tablet computers and smartphones, the World Semiconductor Trade Statistics said Tuesday.

The expansion would follow an expected 3.2 percent decline this year, which has seen sluggish sales of personal computers and other products amid a slowdown in the global economy, the Japanese arm of the global statistical group said.

In Japan, the market is forecast to grow 2.7 percent in 2013 from the previous year to about 3.42 trillion yen, due partly to the launch later this year of a new game console as well as increasing demand for light-emitting diode lights, it said.

The chip market in the country is likely to decline 2.7 percent this year due to sluggish exports of electronics equipment as the yen continues to remain strong, the group said.