According to the news on July 1, IC Insights, a semiconductor market research institution, recently released the latest report that, benefiting from strong market demand, 32 of the 33 major IC market categories defined by WSTS are expected to increase in sales this year, including 29 product categories. Significant double-digit growth is expected. It is expected that the sales of the global chip market this year will increase by 24% year-on-year, and exceed the historical high of US$500 billion for the first time.

According to the news on July 1, IC Insights, a semiconductor market research institution, recently released the latest report that, benefiting from strong market demand, 32 of the 33 major IC market categories defined by WSTS are expected to increase in sales this year, including 29 product categories. Significant double-digit growth is expected. It is expected that the sales of the global chip market this year will increase by 24% year-on-year, and will exceed the historical high of US$500 billion for the first time.

According to the report, the production of new chips has returned to normal levels in mid-2021, but the surge in demand for chips caused by the Covid-19 pandemic means that the chips needed for smartphones, computers, TVs, automobiles and other terminal applications are still in short supply. The shortage of chips may continue until 2022.

IC Insights also predicts that the global chip market will continue to grow in 2022 and 2023, when global IC revenue is expected to exceed US$600 billion for the first time. Throughout the forecast period, the momentum of 5G connectivity, artificial intelligence, deep learning, virtual reality, and other emerging applications in mobile, data center and cloud computing, automotive and industrial markets is expected to surge, with a compound annual growth rate of the IC market from 2020 to 2025 The rate is 10.7%.

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