Worldwide semiconductor revenue grew 10.8% in 2020 to $464B
Despite the impact of COVID-19 on the global economy, the semiconductor market performed strongly in 2020. Demand by industry was uneven throughout the year due to global lockdowns, remote work and education, and shifts in consumer buying behaviour, according to the IDC who believes that growth will accelerate this year, desipte market shortages.
Worldwide semiconductor revenue grew to USD 464 billion in 2020, an increase of 10.8% compared to 2019, according to the Semiconductor Applications Forecaster (SAF) from International Data Corporation (IDC). IDC forecasts the semiconductor market will reach USD 522 billion in 2021, a 12.5% year-over-year growth rate. IDC anticipates continued robust growth in consumer, computing, 5G, and automotive semiconductors.
Bad days for consumers, boom time for chip makers on May 7, 2021, 9:27
In a nutshell: We all know about the pandemic-induced chip shortages causing industry-wide availability problems, but what does it mean for semiconductor makers? Money, and lots of it, according to a new report. Market intelligence firm International Data Corporation (IDC) writes that global semiconductor revenue in 2020 was up 10.8% YoY to $464 billion, despite the impact of Covid-19, and this year is going to be even better.
With the chip shortage problem reaching its zenith, one might imagine the industry would suffer in 2021, but the opposite is true. Massive growth from consumer, computing, 5G, and automotive semiconductors, combined with unprecedented demand and the adoption of more expensive chips, mean revenue is predicted to grow 12.5% this year to $522 billion.
Posted May 6th, 2021 for IDC
SAN MATEO, Calif., May 6, 2021 – Despite the impact of COVID-19 on the global economy, the semiconductor market performed strongly in 2020. Demand by industry was uneven throughout the year due to global lockdowns, remote work and education, and shifts in consumer buying behavior. Worldwide semiconductor revenue grew to $464 billion in 2020, an increase of 10.8% compared to 2019, according to the Semiconductor Applications Forecaster (SAF) from International Data Corporation ( IDC ). IDC forecasts the semiconductor market will reach $522 billion in 2021, a 12.5% year-over-year growth rate. IDC anticipates continued robust growth in consumer, computing, 5G, and automotive semiconductors. Supply constraints will continue through 2021. While shortages initially occurred in automotive semiconductors, the impact is being felt across the board in semiconductors manufactured at older technology nodes. Much like a traffic jam and the ripple effe
Chip shortage crimping output of electronics By MA SI | China Daily | Updated: 2021-04-16 09:08 Share CLOSE Technicians test chips at a company in Shehong, Sichuan province. [Photo by LIU CHANGSONG/FOR CHINA DAILY]
The ongoing global chip shortage is crimping production of certain personal computers, smartphones and automobiles, and semiconductor component prices are rising significantly, experts and company executives said.
More than 20 integrated circuit companies have raised prices of their products and manufacturing services starting April 1, ranging from semiconductor material plants to chip design and manufacturing facilities, according to data compiled by the financial news outlet 21st Century Business Herald.
Chip shortage crimping output of electronics chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.