This post was originally published on this site
The ballooning demand for consumer electronics, the evolving gaming industry, and the rising popularity of electric vehicles (EVs) have fostered screaming demand for semiconductors, creating immense scope for chipmakers to garner substantial returns. According to the latest Semiconductor Industry Association (SIA) report, worldwide sales of semiconductors increased 24% year-over-year to $48.8 billion in October 2021. “Annual chip sales and units shipped are projected to reach all-time highs in 2021, with moderate annual growth expected in 2022,” said John Neuffer, SIA president and CEO.
Furthermore, if the proposed Creating Helpful Incentives to Produce Semiconductors for America Act, or CHIPS Act, with an allocation of $52 billion to support domestic semiconductor production and incentives to invest in new semiconductor manufacturing facilities in the U.S. is passed, it should boost the industry significantly. And given the favorable market trends, both CRUS and SLAB should benefit.
