Despite this estimate, technology research firm Gartner warned of a 2.6 per cent fall for next year due to a looming chip inventory correction and an oversupply of foundry capacity.
Capital-equipment spending is set to reach $44.8 billion this year, Gartner said, adding that this figure is up from $40.6 billion in 2010.
"Capital spending and the equipment picture have changed little since our last forecast in the first quarter of 2011," Klaus Rinnen, managing vice-president at Gartner, commented.
Earlier this month, ON Semiconductor opened a new global distribution centre in Singapore, which is expected to process an average of 50 million units per day.
The new facility, built and implemented in association with DHL, has opened at a cost of $3.5 million.
ON Semiconductor said that more than half of the 38 billion devices it produces and ships annually are expected to pass through the centre.
Posted by Simon Jones
