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Global Chip Sales Rose 6.5 Percent in 2020 After Year-End Rush: Report

Global semiconductor sales rose 6.5 percent overall in 2020 as the rally during the final three months of the year helped offset the sharp decline in March and April, when stay-at-home orders were posted across the world.

Global sales reached $ 439 billion (about Rs 32.08,000 crore) in 2020, according to data from the Semiconductor Industry Association (SIA), a trade group that represents the majority of US chipmakers. Together with several international companies. The group said that US chipmakers’ sales were around $ 208 billion (around Rs. 1,520,000 crore), or about 47 percent of the total.

Chip sales to the United States amounted to $ 94.15 billion (approximately Rs. 6.87 thousand), up 19.8 percent from the previous year.

Much of the increase in purchases in the United States has been driven by advanced memory chips used in applications such as data centers, said Valan Young, director of industry statistics and economic policy at SIA.

All of the US tech companies like Amazon.com, Microsoft, and Alphabet’s Google saw massive increases in cloud computing use over the course of 2020 as companies adapted to working from home.

While US-based companies account for nearly half of semiconductor sales, they only account for about 12 percent of chip-making capacity in 2020. This is down from 37 percent in 1990, since Most American companies export Their chips now come from factories in Asia.

John Newfer, president and CEO of the industry group, said legislation passed last year to provide incentives for chip makers in the United States could help turn that figure this year. A law can provide financing to US companies like Intel or GlobalFoundries, as well as foreign companies such as Samsung Electronics or the Taiwan Semiconductor Manufacturing Company.

“Over the next 10 years, semiconductor manufacturing will grow 56 percent,” said Newfer. “We want to make sure we get a bigger slice of the manufacturing pie.”

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