Global Chip Sales Hit A Record $559.9 Billion In 2021

Share post:

The global chip sales reached a record $559.9 billion in 2021 according to the Semiconductor Industry Association (SIA). This marks a jump of 26.2% over the previous year.

The year 2021 also signifies the first time since 2018 that the number of chips sold has passed 1 trillion.

In 2021, 1.15 trillion semiconductors were sold, with the largest year-on-year increase in chip sales in auto-grade chips, a segment in which sales increased by 34%.

China remains the largest market for semiconductors, with total revenues of $192.5 billion in 2021, an increase of 27.1% year-on-year.

The SIA forecasts growth of 8.8% in 2022. According to SIA CEO John Neuffer, this growth is driven by the digitalization trend which has continued to increase since the pandemic.

“It’s still really trending very strongly towards increased demand. We’re just not going to get this kind of slingshot effect that we had in the pandemic,” Neuffer said.

Chip manufacturers have been investing billions of dollars in new factories since 2021 to meet the growing demand for chips, which will help increase the number of chips produced each year.

For more information, read the original story in Reuters.

Featured Tech Jobs


Related articles

Silicon Valley tech founder sentenced to prison for fraud

In a significant shake-up in Silicon Valley, Manish Lachwani, co-founder and former CEO of the mobile app-testing company...

AI surpasses human benchmarks in most areas: Stanford report

Stanford University’s Institute for Human-Centered Artificial Intelligence (HAI) has published the seventh annual issue of its AI Index...

AI hallucinations ended in a year? Hashtag Trending, Monday April 22, 2024

Capital Gains tax in Canada gets criticized by tech sector.  Amazon drops 100,000 jobs while vastly increasing its...

Amazon pushes back on public perceptions of “Just Walk Out” technology

Amazon is pushing back against perceptions that its "Just Walk Out" technology is exaggerating the capabilities of its...

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