Gartner points to Intel chip growth

Intel is set to increase its share of the semiconductor chip market this year to 12.2 per cent, according to research firm Gartner.

The market for processors and other computer chips is expected to grow by 2.9 per cent from last year to $270.3 billion (£133.22 billion), Gartner added.

Intel's revenue grew more than twice as fast as the market average, boosted by strong gains in laptop chip sales. Last year Intel's global market share was 11.6 per cent.

Among top vendors, Toshiba's revenue was expected to surge 28 per cent (based on US dollar value), surpassing Texas Instruments, STMicroelectronics and Infineon. Of those three, only STM was able to slightly raise its revenue, Gartner said.

"Semiconductor vendors need to watch the performance of their end customers even closer as a major part of the industry becomes increasingly tied to consumer spending patterns," Andrew Norwood, research vice president at Gartner, said in statement.

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