In this undated photo, employees perform tests on semiconductor chips at the production facility of a Nanchang, Jiangxi province-based high-tech company. (PHOTO / XINHUA)
BEIJING – Despite the impact of COVID-19 on the global economy, the semiconductor market performed well in 2020, according to an industry report.
Global semiconductor revenue grew to US$464 billion in 2020, an increase of 10.8 percent compared to 2019, said the International Data Corporation (IDC), a global market research firm.
The market for semiconductors in computing systems such as PCs and servers outpaced the overall semiconductor market, and growth in mobile phone semiconductors was resilient in 2020, said the IDC.
ALSO READ: China chips away at semiconductor woes
Automotive sales recovered in the second half of 2020, but supply constraints in the automotive semiconductor market will last through 2021 for some products. This is due to the market impact of fires and fab shutdowns, and it takes time for chips to move through the automotive ecosystem, specifically in the United States and Europe, said IDC researcher Nina Turner.
The IDC predicts continued strong growth in semiconductor sales worldwide in 2021, with its market expected to reach 522 billion dollars as the adoption of cloud technologies and the demand for data and services remain unchanged.