In the second quarter of 2010, the research firm expected to see a 27.1 per cent increase in revenues for the year as a whole compared with 2009.
Gartner concedes: "Analysts warned that, while semiconductor revenue is still poised to hit record levels this year, second-half growth is expected to be below seasonal norms."
However, it has revised its forecast upwards, now foreseeing revenue growth of 31.5 per cent for the full year 2010.
Research vice-president Bryan Lewis explains that the "very strong" expansion of the market for semiconductors in the first six months has now become apparent.
But he adds that this is unlikely to be sustained into 2011 as technology vendors adopt a cautious response to slowing economic recovery.
Despite this, spending within the semiconductor industry itself is expected to post substantial gains in 2010, with 40 nm and 45 nm equipment investment driving budgets higher by an anticipated 113 per cent.
