Abstract
A high level of uncertainty looms over the global economy and sales of smartphones are beginning to saturate. However, the Internet of Things, driver assisted autos, and AI hold promise for the future. In order to make sense out of the current turmoil, a top-down analysis of the IC market will be given and include trends in worldwide GDP growth, electronic system sales, and semiconductor industry capital spending. A critical look at China's ambitions to become a bigger player in the IC industry will also be presented.
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