The Consumer Electronics Show (CES) which took place in Las Vegas will have brought smiles to the faces of semiconductor manufacturing companies, according to one industry commentator.
Writing for Forbes, Rick Whittington pointed out that the sheer quantity of products being exhibited at the event that require electronic chips to function will provoke "grins a mile wide" on the faces of people within the sector.
In his view, such semiconductor items are at the forefront of the international economy, with the level of global growth beating many other markets.
Mr Whittington told the news provider: "Even if the US expansion remains uneven, this new semiconductor cycle is marked both by a robust global economy and technology innovation on a massive scale."
He claimed that it is likely that technology will lead the economy into a recovery, a phenomenon that he believes has occurred fairly consistently over the past 50 years.
Market research firm iSuppli recently pointed out that an increase in the popularity of touchscreen applications could lead to huge growth in the next four years.