The worldwide semiconductor market is improving, according to research carried out by electrical design industry analyst Gartner.
Latest research by the group indicates worldwide semiconductor revenue is on track to total $212 billion (£130 billion) in 2009, an upward prediction on the company's second quarter projections when it predicted semiconductor revenue would decline 22.4 per cent this year.
Bryan Lewis, research vice-president at the organisation, commented: "Consumers reacted strongly to reduced PC and LCD TV pricing as price elasticity was amazing."
He went on to say that the industry also benefited from the China stimulus package which was able to boost short-term demand.
"Governments worldwide took action quickly and extensively to avoid a meltdown, and it worked," he added.
In news on semiconductors released earlier this week, researchers at the University of Washington found a way to use light as a trigger to make tiny semiconductor crystals, known as nanocrystals or quantum dots, display new magnetic functions at room temperature.