Semiconductor Sales to Top $522 Billion in 2021

With the ongoing pandemic and chip shortages still making headlines semiconductor revenue totalled $464 billion in 2020 and will top $522 billion 2021, according to IDC. Despite widespread shortages, sales of chips are going to grow further this year as more devices are getting smarter and more chips are consumed overall. Fuelled by home working and education computing is set to be the main driver of growth as each PC uses dozens of chips many of which are made using an advanced process technology. Meanwhile, shipments of chips for smartphones, consumer electronics, and automotive applications will also be strong. 

Global semiconductor revenue increased by 10.8% last year to $464 billion and will grow another 12.5% this year to $522 million because of growth in consumer, computing, 5G, and automotive semiconductors, a new report from IDC says. Shortages of chips will continue through 2021, but since the industry will adopt more expensive chips for a wide variety of applications, sales of semiconductors are destined to grow once again.  

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