The worldwide semiconductor market hit double digit revenue growth last year for the first time since 1995, according to the latest figures from industry researcher Dataquest.
The US based company said revenue surpassed $160 billion for 1999, an increase of 17.6 per cent over 1998.
Joe D'Elia, Dataquest chief analyst, said one of the key factors for industry growth was the "firming up of the Dram market."
He added: "The Taiwan earthquake also had an impact on the market, as it forced spot market prices to treble in a matter of days. And although they fell back quite rapidly, once the full effect was known, the main impact was to accelerate the rate of rise of contract pricing."
Overall, the company said the Internet contributed to the increase in revenue in most regions. D'Elia said Intel continued to dominate the market, as its 1999 revenue of $25,81 million was $16 billion more than its nearest competitor, NEC.
The chip giant held a 16.1 per cent market share for 1999, a growth of 13.3 per cent on last year. NEC held a 5.8 per cent market share for the year, a 12 per cent increase on 1998.
Samsung showed the strongest growth among the top 10 vendors and Motorola was the only top tier vendor to post negative growth, although Dataquest analysts said this was because the company divested a major product division and a product line.
Yesterday, the Semiconductor Industry Association (SIA) said global semiconductor sales hit record levels in November.
Worldwide sales were $14.2 billion in November, a rise of 25 per cent over the same period a year earlier, said the SIA.
Sudden increases in availability of sniper rifles on Vikendi
Antarctica lost on average 252 gigatons of ice mass per year from 2009 to 2017, claims study
Buyers can demand refunds if they've had a game for no more than 14 days and not registered more than two hours of play
Total lunar eclipse 2019: 'Super Blood Wolf Moon' to be visible across Europe and North America on Sunday night
Moon will turn reddish-orange in colour during this weekend's total lunar eclipse