IDC Report: Semiconductor Market to Grow by 17.3% in 2021, Overcapacity by 2023
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IDC reports that the semiconductor market is expected to grow 17.3% in 2021, beating the 10.3% growth felt even during the technological run throughout the worst period of the COVID-19 pandemic. However, as factories built to respond to market demand come online, IDC expects the industry to enter overcapacity by 2023.