Last Year, Global Semiconductor Sales Approached 666 Trillion Won... Over 1 Trillion Chips Sold
US Semiconductor Industry Association (SIA) "Global Semiconductor Sales Reach Record High"
Sales Expected to Increase by 8.8% This Year
[Asia Economy Reporter Park Sun-mi] Due to increased demand for automotive semiconductors and digital devices, last year’s global semiconductor shipment volume and sales reached record highs. With continued growth in demand and supply this year, another record-breaking performance is expected.
On the 15th, the Semiconductor Industry Association (SIA) of the United States announced that last year’s global semiconductor sales amounted to $555.9 billion (approximately 665.69 trillion KRW). This is the highest annual figure ever recorded, representing a 26.2% increase from $440.4 billion in 2020. Notably, sales in the fourth quarter of last year reached $152.6 billion, up 28.3% from the fourth quarter of 2020 and 4.9% from the third quarter of 2021.
Semiconductor shipments reached 1.15 trillion units last year, also a record high. This is the first time since 2018 that shipments have exceeded 100 million units. Despite semiconductor supply shortages, the continuous rise in demand for automotive semiconductors and digital devices led the semiconductor industry to ramp up production.
The region with the largest increase in semiconductor sales last year was the United States (27.4%), followed by Europe (27.3%), Asia-Pacific (25.9%), and Japan (19.8%). China recorded semiconductor sales of $192.5 billion last year with a sales growth rate of 27.1%, emerging as the largest single market.
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The SIA expects that as the semiconductor industry aggressively expands production facilities, the explosively increased semiconductor sales from last year will further grow this year, potentially increasing sales by 8.8%. John Neuffer, CEO of the SIA, stated, "Last year, the semiconductor industry increased production to unprecedented levels to meet high demand. As semiconductors become increasingly integrated into essential current and future technologies, demand for semiconductors is expected to grow significantly over the coming years."
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