While the traditionally strong US and Chinese markets provided most of the demand a European resurgence provided a strong tailwind for semiconductor growth, according to IHS Markit analyst Robbie Galoso.
Further down the ranking adoption of IoT in industry helped drive demand for DRAM and the rise of Micron Technology from ninth ranked in 2016 to sixth ranked in 2017. Microchip was also a climber – from 10 to 8 revenue growth supported by MCU sales in manufacturing and process automation, power and energy, and building and home control.
Chinese invest in LED manufacturing also showed signs of paying off with MLS rising from 18 in 2016 to 13 in 2017 overtaking better known lighting LED suppliers Nichia, Osram and Cree.
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