Demand for Semiconductors Drives Double Digit Sales Growth 

Growing consumer demand for electronics, the surge in the adoption of high-end tech devices and affordable pricing on electronics are all driving a growth in the semiconductor market. Even while the sector continues to grapple with worldwide shortages, it’s posting double-digit sales growth. According to the Semiconductor Industry Association (SIA), worldwide sales of semiconductors totaled $152.5 billion during the second quarter of 2022, an increase of 13.3% over the second quarter of 2021 and 0.5% more than the first quarter of 2022. The organization says global sales for the month of June 2022 were $50.8 billion, a decrease of 1.9% compared to the previous month.

Source: Demand for Semiconductors Drives Double Digit Sales Growth | Source Today