Dylan McGrath, EETimes
11/22/2017 00:01 AM EST
SAN FRANCISCO — The market capitalization of publicly-traded semiconductor companies has risen dramatically over the past three years, driven largely by a frenzy of merger and acquisition activity and the performance of the chip market as a whole, according to International Business Strategies (IBS).
The cumulative valuation of 15 selected non-memory companies studied by IBS rose from about $520 billion in 2015 to more than $1.07 trillion today. Expectations of additional M&A activity and a positive assessment of the long-term prospects for the semiconductor industry among analysts and investors have also helped the cumulative valuation of the group more than double, according to IBS, a research and consulting firm based in Los Gatos, Calif.