India, Vietnam Lead Asia's Chip Growth

Sizable home markets and strong state support for foreign investment are bolstering semiconductor sales in these two hotspots

India is tipped to be the world's fastest growing semiconductor market, with a compound annual growth rate (CAGR) of 19.2 percent between 2007 and 2012, Phillip Koh, Gartner's research vice president for semiconductors in the Asia-Pacific region, said Tuesday at the company's 14th annual semiconductors roadshow here. This means that globally, the Indian market has the highest increase in semiconductors required in devices.

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