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Global chip sales show improvement for the first time since 2021 by surpassing $500 billion in sales

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Despite continued semiconductor shortages and supply chain difficulties, global chip sales surged 25.1 percent in 2021, topping $500 billion for the first time.  According to Gartner’s preliminary projection on the global semiconductor business, sales will amount to $583.5 billion in 2021.

Strong demand, combined with logistics and raw material price hikes, drove semiconductors’ average selling price higher, adding to overall revenue growth, according to Andrew Norwood, research vice president at Gartner.

“The 5G smartphone market also helped drive semiconductor revenue, with unit production more than doubling to reach 555 million in 2021, compared to 250 million in 2020,” Norwood added.

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In 2021, Samsung performed very well, reclaiming the top spot from Intel for the first time since 2018. Last year, Samsung’s revenue jumped 31.6 percent to $76 billion, while Intel’s revenue gained barely half a percentage point to $73.1 billion. In that order, SK Hynix, Micron Technology, and Qualcomm rounded out the top five.

According to Gartner, enterprises will boost server deployments to meet remote working, learning, and entertainment needs in 2021, with memory being the best-performing device category. DRAM had the strongest performance within the memory sub-category, with a yearly revenue increase of 40.4 percent mainly to server deployments and rising PC demand.

When it comes to when we can anticipate markets to return to normal, it’s still up in the air. Companies are pouring money into the problem in an attempt to enhance supply, but the pandemic’s future remains uncertain, and other niggling issues like scalpers and bots continue to irritate shops and consumers.

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also read:

Google reportedly hiring a new team leader for its tablet division to oversee the making of a new Tablet

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Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.

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