Semiconductor makers appear set to make $522 billion this year, despite the global shortage.
What you need to know
The semiconductor market is expected to grow to $522 billion in 2021.
Despite the global semiconductor shortage, revenues are expected to increase year-over-year by 12.5%.
In some industries, total shipments of semiconductors are down, but revenues have increased.
In news that likely won`t surprise anyone, semiconductor revenue is expected to increase this year. The latest forecast from IDC states that the semiconductor market will reach $522 billion in 2021, which would mark a 12.5% year-over-year growth rate. IDC expects the consumer, computing, 5G, and automotive markets to drive the growth in the semiconductor market.
The global semiconductor shortage has made headlines for over a year, but that shortage doesn`t mean that manufacturers aren`t selling semiconductors. If anything, the shortage of semiconductors is an indicator of growing demand, since all manufac...
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