TAIPEI – After dropping an estimated 11.5% in 2009 to $220.1 billion, the global semiconductor market is expected to post growth of 12.2% to $246.9 billion in 2010, according to World Semiconductor Trade Statistics.

The organization believes the industry has bottomed and momentum is now heading in a positive direction.
 
The 2010 forecast presents a more favorable outlook, with an increase of $37.9 billion over the spring 2009 forecast.
 
The industry is now expected to top $269.8 billion in 2011, with a three-year compound annual growth rate of 2.8% from 2008 to 2011.