SAN FRANCISCO—The largest chip vendors buoyed the semiconductor industry's growth rate even more than usual in 2016 as an unprecedented wave of consolidation continued to roil the rankings of the top 25 firms, according to an analysis of sales data by market research firm Gartner Inc.
Gartner (Stamford, Conn.) concluded that global semiconductor sales reached $343.5 billion last year, an increase of 2.6 percent compared to 2015. The growth rate is higher than that estimated by other market watchers previously, including the World Semiconductor Trade Statistics organization, which said in February that industry sales grew by 1.1 percent.
The top 25 vendors, however, grew sales by a combined 10.5 percent in 2016, according to Gartner, and accounted for nearly 75 percent of total market share. By contrast, the rest of the semiconductor vendors in the market saw their sales declined by 15.6 percent, Gartner said.
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