Global semiconductor sales to exceed US$600b in 2022, says SIA

Global semiconductor sales to exceed US$600b in 2022, says SIA

06 Dec 2021

Global sales of semiconductors rose 24% year-on-year (y-o-y) to US$48.8 billion (about RM206.13 billion) in October 2021, said the US-based Semiconductor Industry Association (SIA).

In a statement on its website last Thursday (Dec 2), the SIA said the figure was 1.1% more than the September 2021 total of US$48.3 billion.

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average.

SIA president and chief executive office John Neuffer said global semiconductor demand remained high in October, with sales increasing substantially y-o-y across all major regional markets.

“Annual chip sales and units shipped are projected to reach all-time highs in 2021, with moderate annual growth expected in 2022,” he said.

The SIA said that regionally, sales increased y-o-y and month-on-month (m-o-m) across all major regional markets, including the Americas (29.2% y-o-y; 2.6% m-o-m), Europe (27.3%; 2.8%), Japan (23.7%; 1.1%), Asia-Pacific/all others (22.6%; 0.2%) and China (21.1%; 0.3%).

Additionally, the SIA endorsed the WSTS’ fall 2021 global semiconductor sales forecast, which projects the industry’s worldwide sales to be US$553 billion in 2021, a 25.6% increase from the 2020 sales total of US$440.4 billion.

The WSTS projects y-o-y increases in Asia-Pacific (26.7%), Europe (25.6%), the Americas (24.6%) and Japan (19.5%).

In 2022, the global market is projected to post a moderate growth of 8.8% to reach US$601.5 billion in annual sales.

The WSTS tabulates its semi-annual industry forecast by gathering input from an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.

Source: The Edge Markets