Strong Demand Coupled with Rising ASPs Will Propel Semiconductor Sales Past $675b in 2022
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Semiconductor sales soared 26% in 2021, fueled by the economic rebound from the pandemic and from the ongoing digital transformation of the economy. Semiconductor sales are expected to increase 15% in 2022 driven by the 5G proliferation, continued buildout of IT infrastructure, and the ongoing economic recovery. Inflationary pressures, coupled with robust demand and persistent shortages, should keep IC ASPs elevated in 2022. The rapid recovery in Auto and Industrial will boost growth in Analog and Discrete by 18% in 2022. Logic sales are expected to increase 15% this year thanks to ongoing expansions in the Cloud and 5G ramp. Memory is expected to follow closely with sales increasing 15%.