Last year, the semiconductor industry was challenged by several structural changes induced by U.S.-China tensions and supply chain disruptions spurred by the Russia-Ukraine war. Moreover, the industry witnessed weakened demand from the end markets due to dampened consumer spending amid aggressive rate hikes and other macro headwinds.
Despite lingering macroeconomic concerns, the chip industry saw substantial growth in 2022. The global semiconductor industry’s sales reached a record-high $573.50 billion in 2022, reflecting a 3.2% rise year-over-year. Also, sales in the Americas witnessed the largest increase of 16% last year.
