Not exactly, because RMBS gets royalties from various parts of the chip to chip interface; again, including controllers, chip sets, microprocessors, etc.
But, in any event, the "total" chip market, if you calculate it this way, will surely be in excess of $200 billion. Just CPUs alone is probably in excess of 40 billion.
Moreover, Zeev, the chip market is accelerating, not unlike the acceleration in the use of electric motors as electricity became more and more integrated into our society. We are not in a mature market; we are really just hitting the sweet spot of the S curve. One day, every person in the world will have a cell phone, as well as many other high-tech devices.
Prophet |
