Semiconductor Industry Records 25.1% Growth In 2021

Share post:

Despite facing a shortage in supply, the semiconductor industry accumulated $500 billion in revenue in 2021.

This signifies a 25.1% growth in revenue. According to Gartner, this was possible due to demand outpacing supply causing a major rise in the price of the products.

The shortage is expected to continue till mid-2023 although some companies are stabilizing production already.

Areas that recorded massive price growth due to shortage in supply include the automotive industry, mobile phones, and others.

Based on revenue, Samsung took the top spot in the semiconductor industry, a position previously occupied by Intel. While Samsung recorded a 31.6% revenue growth between 2020 and 2021, Intel recorded 0.5% revenue growth within the same period. Samsung recorded a 50% rise in profit due to increasing chip and mobile devices sale.

Other chipmakers who made it to the top ten list include Qualcomm, MediaTek, HiSilicon, SK Hynix, Micron Technology, Broadcom, Texas Instruments, NVIDIA, and AMD.

For more information, read the original story in TechRepublic.



Related articles

Zero trust advice: Start small, but get started

The year's first MapleSec Satellite series featured Cloudsec's field CTO tal

China cancels major Subsea Cable project following rising tensions

China has canceled a vital subsea cable project after China's two largest telecoms withdrew their 20% stake in...

FAA blames damaged database file for flight disruptions

Preliminary investigations by the Federal Aviation Administration (FAA) posit the anomaly that led to the delay of more...

Federal Aviation Administration downs systems following NOTAM crash

The American Federal Aviation Administration system is down, resulting in thousands of flight delays and cancellations across the...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways