Worldwide semiconductor revenue totalled $273.9-billion in 2007, a  3.8% increase from 2006, according to final results from Gartner. 

Vendor performances were mixed with three vendors in the top ten that experienced double-digit growth and four vendors that showed declines in revenue.
"With fears of recession high, semiconductor vendors need to move beyond tracking the performance of their end customers and markets, and track end users’ spending patterns to pick up early warning signs of slowing demand or increased opportunities,” says Richard Gordon, managing vice-president of Gartner.
“Periods of uncertainty, like the current one, often create ideal situations to strengthen product and application portfolios without paying inflated prices.”
Intel grew revenue more than twice as fast as the semiconductor market average, with growth primarily coming from strong shipments of microprocessors for mobile PCs. Toshiba’s revenue increased 20.8% in 2007 to $11,82-billion, gaining three places in the rankings and moving into third place. The strong gains mainly came from consumer application-specific integrated circuits (ASICs) for Sony's PlayStation3 (PS3) video game console, NAND flash and CMOS image sensors for mobile phones. The company saw continued growth in DRAM.
In terms of absolute revenue shifts, the largest drop was in dynamic random-access memory (DRAM) which saw a decline of $2.4-billion in revenue caused by sharp price declines as a result of oversupply.