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New Electronics brings you up-to-date Business News, covering the full spectrum of acquisitions, business deals and expansions happening in the electronics industry.

Annual semiconductor revenues exceed $500 billion for the first time

Preliminary figures from Gartner suggest that worldwide semiconductor revenue increased 25.1% in 2021 to total $583.5 billion, crossing the $500 billion threshold for the first time.

"As the global economy bounced back in 2021, shortages appeared throughout the semiconductor supply chain, particularly in the automotive industry,” said Andrew Norwood, research vice president at Gartner. “The resulting combination of strong demand as well as logistics and raw ...

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