While macroeconomic headwinds led to a dramatic loss in market capitalization of the semiconductor industry last year, global semiconductor industry sales rose 3.2% year-over-year, totaling $573.50 billion in 2022, the highest-ever annual figure. Also, sales in the Americas saw the largest increase of 16% in 2022.
John Neuffer, Semiconductor Industry Association president and CEO, said, “Despite short-term fluctuations in sales due to market cyclicality and macroeconomic conditions, the long-term outlook for the semiconductor market remains incredibly strong, due to the ever-increasing role of chips in making the world smarter, more efficient, and better connected.”
