07 Dec 2020 -
 General

Global semiconductor market roaring and set to accelerate in 2021

Worldwide sales of semiconductors reached US$39 billion for the month of October 2020, up 6% on year and 3.1% sequentially, according to the SIA (Semicon Industry Assoc).

“Global semiconductor sales in October increased year-to-year by the largest percentage since March, continuing to demonstrate the global semiconductor market’s resilience so far to headwinds caused by the pandemic and other macroeconomic factors,” said John Neuffer, SIA president and CEO.

SEMI also confirmed that global semiconductor equipment billings increased 30% on year and 16% sequentially to US$19.4 billion in the third quarter of 2020.

China was the largest market for semiconductor equipment in the third quarter of 2020 with sales of US$5.62 billion, followed by Taiwan with sales of US$4.75 billion, SEMI disclosed. Korea saw the largest on-year growth among all regions in the third quarter, with sales jumping 92% to US$4.22 billion.

In addition, the global semiconductor market is projected to grow by 8.4% in 2021 following a 5.1% increase this year, according to the autumn 2020 forecast of the World Semiconductor Trade Statistics (WSTS).

The 8.4% market rise next year will be driven by double-digit growth of the memory and optoelectronics segments, WSTS said. All other product categories are also expected to show positive growth rates in 2021, when all regions are also set to grow.

The memory sector will register another double-digit increase in 2021, when the overall semiconductor market accelerates in growth, reaching US$469 billion, according to WSTS.

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