Global semiconductor revenue is on track to reach $338bn by the end of 2014, according to data from Gartner.
The analysis powerhouse said that the figure would represent a 7.2% increase from 2013, up from the previous quarter’s forecast of 6.7% growth.
“Semiconductor revenue set an all-time record in the third quarter of 2014, fuelled by a strong electronics build for the holiday season," said Jon Erensen, research director of Gartner.
"Get ready for a flood of new product introductions, ranging from simple low-cost tablets to high-end ultramobiles and smartphones. Demand for the iPhone 6 and iPhone 6 Plus has been robust, but there is concern for other types of devices planned for the holidays," he added.
Gartner predicts 2014 total unit production of smartphones and ultramobiles to increase 27% and 18.9%, respectively.
The semiconductor market is expected to slow slightly in 2015 to 5.8% growth; Gartner says this will primarily be due to high inventories in the first quarter,