Feb 3, 2021 Despite the impact of Covid-19 on the global economy, the semiconductor market performed better than expected in 2020, fueled by the growth in cloud computing and demand for devices to support remote work and learning. Worldwide semiconductor revenue grew to $442-billion in 2020, an increase of 5,4% compared to 2019, according to the Semiconductor Applications Forecaster (SAF) from International Data Corporation (IDC). The DRAM and NAND markets also recovered after a poor 2019, growing 4% and 32,9%, respectively. IDC forecasts the semiconductor market will reach $476-billion in 2021, a 7,7% year-over-year growth rate as the various Covid-19 vaccines are disseminated and economies begin to open and gradually recover.