The chip industry will decline 0.9% this year, says Gartner, although memory will grow 13.9% and NAND will grow 40%.

Overall, 2020 global semiconductor revenue is forecast at $415.4 billion.

Memory will account for 30% of the total worldwide semiconductor market in 2020.

The memory market is forecast to reach $124.7 billion in 2020, an increase of 13.9%, while the nonmemory revenue market is on pace to total $290.6 billion, a decline of 6.1% year over year.

NAND revenue is forecast to grow 40% in 2020 due to severe shortages persisting from 2019, which keeps pricing firm.

Initial H1 price increases of 15.7% for NAND are expected to reverse to a 9.4% decline in H2.

Strong H1 demand from cloud service providers will push pricing and revenue higher in server DRAM.

However, this growth will be more than offset by weak demand and falling prices from the smartphone market. For the DRAM market overall, Gartner analysts estimate DRAM revenue will decline 2.4% in 2020.