Worldwide capital spending by semiconductor manufacturers will decline 6.8% to $54.77 billion this year, compared with 2012, and capital expenditures will rise 14% next year to $62.49 billion and hit $74.64 billion in 2017, according to Gartner. The market research firm forecasts that global semiconductor revenue will post a compound annual growth rate of 5% over the next four years, driven by demand for chips going into smartphones and other mobile devices.

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