The 2018-2023 global GDP and IC market correlation coefficient will reach 0.88 (0.94 when excluding memory), up from 0.87 in the 2010-2018 time period., says IC Insights. The increasingly close correlation between worldwide GDP growth and IC market growth through 2018, as well as its forecast through 2023 is shown below: Figure 1 From 2010-2018, the ...

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