The memory market is continuing to grow thanks to the boom in DRAM chips, so says analyst Gartner.
According to Gartner, the market was the best performer for the second year in a row, growing 16.6 per cent.
Meanwhile, semiconductor revenue totalled $340.3 billion in 2014, a 7.9 per cent increase on the 2013 revenue of $315.4 billion.
Andrew Norwood, research VP at Gartner, said: "As a group, DRAM vendors performed best, lifted by the booming DRAM market, which saw revenue increase 32 per cent to $46.1 billion, surpassing the all-time high of $41.8 billion set in 1995."
Intel held the number one market share position out of semiconductor vendors, with sales up by 7.7 per cent.
Samsung and Qualcomm followed closely taking the second and third position of the market share with sales up by 13.4 per cent and 12.1 per cent respectively.
Norwood added: “The memory market was the best performer for the second year in a row, growing 16.6 per cent, meaning the rest of the market only achieved 4.9 per cent growth.”
Check out the upcoming PCR May issue for an in-depth look at the RAM market.