China remains the world's largest semiconductor market

According to reports, the Semiconductor Industry Association (SIA) released a report today that global semiconductor sales in 2021 will reach a record $555.9 billion; China is still the largest market, with sales reaching 1,925 One hundred million U.S. dollars.

According to SIA data, global semiconductor sales hit a record high of $555.9 billion last year, with a year-on-year increase of 26.2%. Among them, the sales of the Chinese market were US$192.5 billion, still the world's largest semiconductor market, with a year-on-year increase of 27.1%.

SIA also expects global semiconductor sales to grow 8.8% this year as chipmakers continue to expand capacity to meet demand. As for the slowdown in growth, SIA CEO John Neuffer said: "In fact, the trend of demand growth is still very strong, but it has not reached the 'slingshot effect' during the epidemic.

Global semiconductor sales in 2020 also only increased by 6.8% year on year. It reached 26.2% in 2021 as annual chip sales exceeded 1 trillion for the first time since 2018.

Over the past year, major semiconductor manufacturers such as TSMC, Samsung Electronics and Intel have all announced tens of billions of dollars in new factory investment plans. Neufer said that the digitalization trend triggered by the epidemic will continue to drive the growth of chip demand.

"We think there's going to be a lot of demand for chips for the foreseeable future that will require us to do very aggressive fab construction," he said.

A total of 1.15 trillion chips will be sold worldwide in 2021, with the fastest-growing "automotive-grade" chips, Neuf said. Sales of chips in this segment rose 34% year over year to $26.4 billion; chip sales rose 33%.

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