Global sales of semiconductors rose year over year in May, according to the Semiconductor Industry Association (SIA). Also, the agency predicted that global semiconductor sales will increase in both 2020 and 2021.
The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered by the coronavirus pandemic. Moreover, with the economy reopening, sales of smartphones rebounding in markets like China and more people spending time on their mobile phones, the semiconductor industry might stand to benefit in the near term.
Global Semiconductor Sales Increase YoY
Worldwide sales of semiconductors increased 5.8% in