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Semiconductors: powering the wider IT industry

Semiconductors are a thriving USD430bn industry that has powered the wider USD3,000bn IT sector and everything electronic since the invention of the transistor in 1947. The growing use of electronics in virtually every industry has propelled global revenue by about +7.5% per annum over the past 30 years, more than twice global GDP growth. 

chart-global-semiconductor-sales-growth-2021

 

China’s share in global consumer electronics exports already peaked in 2015. Production has been more scattered ever since, with no single clear big winner but many small wins for countries like Vietnam, Thailand or Mexico.

 

 

 

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