Thanks to massive private- and public-sector investors worldwide, the global semiconductor chip shortage has been improving of late. According to The Semiconductor Industry Association (SIA), global semiconductor industry sales reached $555.9 billion in 2021, the highest-ever annual total.
In addition, the U.S. House of Representatives' recent passage of the $52 billion CHIPS Act investments (which is now awaiting passage in the U.S. Senate) could be a massive impetus for U.S. semiconductor manufacturing. According to IC Insights, total semiconductor sales are forecasted to rise at a CAGR of 7.1% over the next five years.
