A new sales report has now gone on to conclude that the global chip sales had indeed gone on to hit a record high last year. The market ended up seeing great performance last year, as China was involved – coming in as the largest individual semiconductor market all across the globe.

This news then makes its way courtesy of what the latest round of speculation has to suggest. Indeed in accordance with what reports proceed on to claim, the chip sales all across the globe has in fact reached $555.9 billion last year.

This goes on to mark a rather sizeable rise of 26.2% year on year. The report further goes on to suggest that the semiconductor industry is indeed projected to see another 8.8 percent growth this year, as the chipmakers all across the globe really continue to build up production, so that they could be in sync with the demand.

Also Read: Drone set out for smuggling intercepted by US

China ended up leading the market with total sales of a whopping $192.5 billion last year – and this marked an increase of 27.1% year on year.The CEO of SIA has proceeded on to claim : “It’s still really trending very strongly towards increased demand.

We’re not just going to get this kind of slingshot effect that we had in the pandemic.” All in all then, in more simpler terms, it can be claimed that while the industry might not end up maintaining the rather explosive growth that we have seen, it still may see a rather steady rise year on year in 2022. Back in 2020, semiconductor sales were actually up by just 6.8% over the previous, but just a year later then in the 2021, the chip sales crossed one trillion for the very first time since 2018.