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    Semiconductor Sales Are Expected to Surpass $0.6T in 2022 and on Track to Hit $1T by 2030

    Semiconductor sales surged 24% in 2021 as COVID-19 accelerated the digital economy. Demand far outpaced supply in 2021, resulting in widespread shortages. It was the first semiconductor shortage in history that had a significant impact on the production of many industries. This put a sizable dent in the overall economic growth and underscored the critical role of semiconductors to the world.

    Although the semiconductor shortages are easing as more capacity comes online, the supply chain remains very tight as we start 2022. As a result, semiconductor sales are expected to grow by double digits again in 2022, jumping past $0.6T. This year's growth will be driven by a robust Cloud/HPC expansion, surging Automotive demand, easing shortages, and inventory restocking.

    Semiconductor sales are expected to surpass $0.6T in 2022 and on track to hit $1T by 2030


    The source of this data came from analysis published in VLSI's The Chip Insider® report. More information is available here:

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    VLSIresearch's unique combination of deep semiconductor industry contacts, data analytics, with databases and information libraries that reach back seven decades, combined with its locations in the world's technology hot-spots, make it perfectly suited for the development of the world's most distinguished semiconductor market research. VLSI's information is selectively crafted by the world's most renown semiconductor manufacturing market research analysts who have over a century of combined experience. VLSIresearch's contributions are industry recognized by being the only market research firm to have received SEMI's Sales and Marketing Excellence Awards. Founded in 1976, VLSIresearch is the leading technology research and advisory company focused on semiconductor market research. Visit www.vlsiresearch.com to learn more.

    Contact: Andrea Lati | email: analystsj @ techinsights.com | ph: 408.453.8844
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