Friday, 29 August 2014

Smartphones boost semiconductor spending

Who doesn't love being able to check the weather, catch up with friends, order the groceries and take time out with a game all on one device?! That's right, we just can't live without our smartphones! 62% of adults in the UK own a smartphone and that number just keeps growing. (Source: Ofcom)

The technology used to make our lives oh so simple and enable us to tweet, poke, snap and play our way through life is continually growing. And this is amazing news for semiconductor manufacturers and suppliers. Why? Because smartphones and new mobile products such as smart watches are pushing the market. 
Market tracker Gartner expect global spending on semiconductor manufacturing equipment and materials to total $62.1 billion in 2014 – this is up 7% from 2013. Gartner also projected that global chip sales in 2014 will reach $336 billion! (Source:
This growth is stimulated by the strong sales of smartphones so it's good news we all just adore our smartphones!!

Cyclops Electronics are a leading global electronic component distributor there for you when you need hard to source electronic components, like semiconductors, quickly because of allocation, long lead times, obsolescence or quality issues. Contact CyclopsElectronics for a fast response to your enquiries and a reliable on time delivery.

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