26 Jan 2022 -
 General

Semiconductor industry expected to reach $600B in 2022

Semiconductor companies will hit historic revenue highs this year, despite chip shortages and supply chain issues, according to a new Deloitte report.

For the first time, the industry is expected to earn over $600 billion globally, despite an anticipated slowing in growth. In 2022, growth is predicted to reach 10%, compared to 25% growth in 2021. 

There are four key trends expected to shape the industry in the year ahead.

  • Chips are going to be more important than ever, with increased semiconductor content in everything from cars to appliances to factories, in addition to the usual products such as computers, data centres, and smartphones. 
  • Shortages and supply chain issues will be front and centre for the first half of 2022, and hopefully ease by the second half.
  • There is a talent shortage in the industry that won’t be resolved quickly.
  • Digital transformation within the semiconductor industry will continue and accelerate.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

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