Worldwide semiconductor revenue to grow by 13.6%  – Gulf Insider

Global semiconductor revenue is projected to total $676bn in 2022, an increase of 13.6 per cent from 2021, according to Gartner.

The semiconductor average selling price (ASP) hike from the chip shortage continues to be a key driver for growth in the global semiconductor market in 2022, but overall semiconductor component supply constraints are expected to gradually ease through 2022 and prices will stabilize with the improving inventory situation.

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Works as an in-house Writer at Gulf Tech Plus and focuses on the latest smart consumer electronics. Closely follows the latest trends in consumer IoT and how it affects our daily lives. You can follow him on Facebook, Instagram & YouTube.

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