Research firm iSuppli has reduced its forecast for semiconductor sales in 2010, but still expects year-end revenue to top out at an unprecedented $302bn (£191bn).
The latest forecast sees revenue rising by 32 per cent, down from iSuppli's previous outlook of 35.1 per cent, largely due to a projected dip in sales in the fourth quarter.
Profit is expected to grow by $74bn (£46bn) year-on-year and will be $28bn (£17bn) higher than 2007, which was a peak year for semiconductor revenue, according to the firm.
DRAM, LEDs, programmable logic devices, voltage regulators and data converters are shaping up to be the biggest sellers of the year.
Revenue for these products is projected to grow by more than 43 per cent, with DRAM set to experience 87 per cent growth on the strength of the soaring PC market, the forecast stated.
The data processing sector, meanwhile, is driving demand for semiconductors, and shipments of mobile PCs including tablets will lead to a 38.6 per cent rise in sales, iSuppli said.
Wireless communications will experience the second-largest growth, rising by 30 per cent on the back of increasing demand for smartphones, the firm noted.
The lowest growth markets are also on course to generate impressive revenues, and wired communication and consumer electronics will rise by 25.4 per cent and 26.5 per cent respectively.
"There has been a significant slowdown in the second half in consumer demand for some electronic devices, including PCs," noted Dale Ford, senior vice president at iSuppli.
"Inventories have been building throughout the semiconductor supply chain. These factors will cause a small sequential decline in semiconductor revenue in the fourth quarter."
However, this decline in revenue is not expected to continue into the new year, and iSuppli is expecting global semiconductor revenues to rise by 5.1 per cent in 2011.
Semiconductor spending will experience average annual growth of just over four per cent between 2010 and 2014, iSuppli added.
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