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Semiconductor chip sales to Approach a whopping 430 Billion in 2022 reports IC Insights

In terms of unit chip sales, 427.7 billion is an all-time high. To put the figure in perspective, it’s 2.2 times higher than the number of integrated circuits delivered in 2010 (a watershed year) and 44 times higher than the number of ICs sold in 1980. Chip shipments, on the other hand, increased by 22% year over year in 2021, but that was a boom year, according to IC Insights.

The World Semiconductor Trade Statistics (WSTS) classifies chips into 33 different types. Only three of these product categories (SRAM, DSP, and Gate Array) are expected to see a decrease in unit shipment. According to IC Insights, 30 categories are likely to show positive unit growth, while 12 are expected to have unit shipments growth rates ahead of the market (e.g., higher than 9.2%).

Recent Chip sales show a strong backing to IC Insights’ new report

Chip
(Image credit: IC Insights)

According to Bloomberg, officials from Analog Devices, Micron Technology, and Broadcom believe otherwise. Stockpiling crucial components implies that demand for products including those chips is expected to stay strong, which is why it is critical to the company’s success.

To that end, sales will continue to rise in the coming years, although at a slower pace, according to IC Insights, which forecasts a 7% compound annual growth rate (CAGR) for IC units through 2026. This CAGR for unit growth will eventually be in the region of 7% to 8%, which is slightly lower than the historical rate of 9.4% over 42 years. Meanwhile, chip sales will continue to rise steadily for many years.

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Also Read:

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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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