Global chip sales managed to rise slightly to a record high in 2022 even as a two-year pandemic-driven chip shortage flipped to a glut midyear.
Global semiconductor sales managed to rise slightly to a record high in 2022 even as a two-year pandemic-driven chip shortage flipped to a glut about midyear, slowing down sales dramatically.
Sales of chips worldwide rose 3.2% to a record $573.5 billion in 2022, from 2021’s total of $555.9 billion, when they topped a half a trillion dollars for the first time, according to Semiconductor Industry Association on Friday. Chip sales were strong until about mid-2022, when previously optimistic forecasts soured after it became apparent that inventory was beginning to pile up in the channels.
“Despite short-term fluctuations in sales due to market cyclicality and macroeconomic conditions, the long-term outlook for the semiconductor market remains incredibly strong, due to the ever-increasing role of chips in making the world smarter, more efficient and better connected,” SIA Chief Executive John Neuffer said in a statement.Analog chips, the kind most commonly used in vehicles, consumer goods, and computers, scored the best improvement with a 7.
Those earnings reports arrived as the PC and the consumer-electronics industry deals with the worst shipment declines in recorded history and 2023 is being forecast as another year of declines.
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