- FMA
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- Canadian Metalworking
Worldwide semiconductor revenue exceeds $500 billion for first time
- March 23, 2022
- News Release
- Management
Worldwide semiconductor revenue increased 25.1% in 2021 to total $583.5 billion, crossing the $500 billion threshold for the first time, according to preliminary results from Gartner Inc.
“As the global economy bounced back in 2021, shortages appeared throughout the semiconductor supply chain, particularly in the automotive industry,” said Andrew Norwood, research vice president at Gartner. “The resulting combination of strong demand as well as logistics and raw material price increases drove semiconductors’ average selling price higher, contributing to overall revenue growth in 2021.”
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