OEM chip spending to climb 4% in 2013

According to market research firm IHS, the total available market for semiconductor spending by major oems in 2013 will rise to $265.2billion this year, up 4.2% from $254.4bn in 2012. Furthermore, spending by year end is expected to be at its highest level in six years, with expenditures in 2014 forecast to make another modest jump to $279.4bn. Not surprisingly, IHS says the greatest share of spending this year will be in wireless communications. Wireless alone is forecast to take a 26% share of total top oem semiconductor spending. It is also expected to be the highest growth market in 2013 after an annual projected expansion of 12.8%.