The global semiconductor revenues swelled by 3.8% last year compared to 2006 and reached $273.9 Billion, according to Gartner.

Driven by the huge demand for electronic goods, the global semiconductor industry grew 1.5% and reached $20.44 Billion mark in February 2008.

Rapid advancements in the chip technology was one of the primary reasons for rise in sales of semiconductors across the world in 2007.