Semiconductor Industry 'leading Economic Recovery'
A newspaper has asserted that demand for new semiconductor applications has helped the global economy start on the path to recovery.
The semiconductor industry is helping to lead an economic recovery, with China's imports rising by 56 per cent last month year-over-year, it has been reported.
Semiconductors and electronics are at the head of this "international, interconnected economy", Forbes noted, adding that technology has led fiscal gains over the past 50 years and this pattern appears to be repeating itself.
One reason for the buoyancy of semiconductor manufacturers is the need for all-weather, real-time and usable-everywhere devices, opening up new applications for semiconductors that did not exist four years ago.
"New chips that run fast but consume minimal power so as to extend battery life in pervasive handheld connectivity devices like smartphones, net books and the upcoming tablets require new manufacturing lines," the publication stated.
Better-than-expected sales have also been experienced by NAND memory producers, which is required for smartphones and handheld consumer electronics.
Semiconductor firm Freescale recently asserted that smartbooks based on ARM architecture will fill a gap in the market this year.