The semiconductor industry is registering impressive numbers for 2021 and 2022, even as global shortages persist, and the scarcity points to the significance and critical importance of chips for numerous end products from cars to appliances and phones.
Combined sales from the industry topped $500 billion last year and are expected to reach nearly $600 billion in 2022. The steady increase in demand has prompted experts in the sector to predict the industry will reach $1 trillion in sales within a decade.
