The Yitian 710 server chip, developed by Alibaba’s in-house semiconductor unit T-Head, is on display during the Apsara Conference 2021 on October 19, 2021 in Hangzhou, China.
Xu Kangping | Visual China Corporation | beautiful pictures
A leading industry association says global semiconductor sales hit half a trillion dollars for the first time as companies ramp up production to meet demand amid a worldwide chip shortage, an association said. top said.
In 2021, global semiconductor industry sales hit a record $555.9 billion, up 26.2 percent year-on-year, the US-based Semiconductor Industry Association (SIA) said on Monday.
Last year, the industry shipped a record 1.15 trillion semiconductor units.
“In 2021, amid ongoing global chip shortages, semiconductor companies have essentially ramped up production to unprecedented levels,” said John Neuffer, President and CEO of SIA. available to address the persistently high demand, resulting in record chip sales and chip shipments.”
“Demand for semiconductor manufacturing is forecast to grow significantly in the coming years, as chips become even more embedded in the essential technologies of today and the future.”
The global chip crisis affected industries from consumer electronics to auto manufacturers, and companies became unable to deal with demand and product shortages.
It has also resulted in governments and lawmakers around the world scrambling to secure chip supplies and investing to bring semiconductor production closer to home.
Last year, the President of the United States Joe Biden spend $50 billion on semiconductor manufacturing and research as part of Economic stimulus package worth 2 trillion USD. An invoice is called CHIPS Act for the United States is also making its way in the legislative process and aims to provide incentives to enable cutting-edge research and development and secure supply chains.
This month, the European Commission, the EU’s executive body, announced a European Chip Act that would allow 15 billion euros ($17.11 billion) in additional public and private investment through 2030.
SIA said semiconductor sales in China hit $192.5 billion in 2021, up 27.1 percent year-on-year, eclipsing any other market.
China is focusing on promoting its domestic chip industry over the past few years amid geopolitical tensions with the United States. Even so, Beijing has made increasing semiconductor self-sufficiency a priority China is still heavily dependent on foreign technology.
The Americas market has the largest sales growth of 27.4% in 2021. Followed by the European market with a growth of 27.3%.
