The Semiconductor Industries Association (SIA) said on Monday that global chip sales reached a record 2021 turnover of US$555.9 billion. of 26.2% in the year. The entity also forecast a growth of 8.8% for 2022.
“It’s still on a very strong trend for demand to rise. We just won’t have that slingshot effect that we had in the pandemic,” SIA Chief Executive John Neuffer said of the much slower growth projected for 2022.
Sales in 2020 were up 6.8% from a year earlier, while 2021 was the first year since 2018 that the number of chips sold surpassed 1 trillion, he said.
While major semiconductor makers such as TSMC, Samsung and Intel announced tens of billions of dollars in investments for new factories last year, Neuffer said the pandemic-accelerated digitization trend will continue to drive demand.
“We think in the near future there will be a lot of demand for us to have very, very accelerated plant construction,” Neuffer said.
In 2021, 1.15 trillion semiconductors were sold, with the biggest growth among self-grid chips that can withstand heat and other physical challenges, Neuffer said. Sales for this segment rose 34% year-on-year to $26.4 billion, while unit sales rose 33%, he said.
China remains the single largest semiconductor market, with sales totaling $192.5 billion, up 27.1%, SIA said.
I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
