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The chip market grew by 6%
Global chip market breaks first-quarter record thanks to strong demand in the US and China. This is what the Semiconductor Industry Association (SIA) says.
According to her estimates, in January-March 2021, the volume of the global semiconductor industry grew by 6% compared to the same period last year, amounting to $ 83.1 billion.
“Despite the macroeconomic difficulties, global semiconductor sales in the first quarter were higher than last year, when the market had a record revenue figure,” says SIA President and CEO John Neuffer.
In March 2021, chip makers earned a total of $ 27.7 billion, which is 6% more than a year earlier, and also almost corresponds to the result of February this year. The market has strengthened largely thanks to the United States and China, where semiconductor sales in March rose by 14.2% and 13.3%, respectively. In the Asia-Pacific region, growth was 3.8%. In Europe, the chip market showed a 4% decline, in Japan – 9.6%.
The fall of the Japanese semiconductor industry is also noted by IC Insights analysts. According to their calculations, in 2021, only two representatives of the Land of the Rising Sun entered the top ten most profitable chip manufacturers – Toshiba and Renesas. Only Toshiba will remain in the Top 10 this year, experts predict.