The 2019-2024 correlation coefficient between GDP growth and IC industry growth is forecast to reach 0.90, up from 0.85 from 2010-2019, says IC Insights. Figure 1 depicts the increasingly close correlation between worldwide GDP growth and IC market growth through 2019, as well as IC Insights’ forecast through 2024. Figure 1 Over the 2010-2019 timeframe, ...

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