17 Nov 2021 -

Semiconductor revenue growth to ‘skyrocket’ in top 25

IC Insights predicts that the semiconductor market to grow by 23% this year. A strong 20% increase in semiconductor unit shipments coupled with a 3% increase in the total semiconductor average selling price (ASP) is driving this growth. An increase of 23% would be the second-largest gain in the global semiconductor market since 2010 the year when semiconductor sales soared 33% following the financial meltdown and global recession in 2008 and 2009.

“A great majority of semiconductor companies—led by AMD, MediaTek, Nvidia, and Qualcomm—have been riding the wave of strong market growth this year. These four fabless companies are deeply entrenched in the race to provide leading edge IC solutions for artificial intelligence and machine learning applications, and 5G smartphones/infrastructure systems,” comments IC Insights in a press release.

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