Global chip sales hit record in 2021, industry forecasts 8.8% growth in 2022

The Semiconductor Industries Association (SIA) said on Monday that global chip sales hit record 2021 sales of $555.9 billion, up 26.2% on the year. The entity also forecast a growth of 8.8% for 2022.

“There is still a very strong trend towards increased demand. 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 that segment rose 34% from a year earlier to $26.4 billion, while unit sales were up 33%, he said.

China remains the single largest semiconductor market, with sales totaling $192.5 billion in 2021, up 27.1%, SIA said.

Source: CNN Brasil

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