IDC Report: Semiconductor Market to Grow by 17.3% in 2021, Overcapacity by 2023

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.