Global semiconductor industry sales increased 3.2 percent to $573.5 billion in 2022 from $555.9 billion in 2021, a report from the Semiconductor Industry Association (SIA) said.
Fourth-quarter sales fell 14.7 percent from the fourth quarter of 2021 and 7.7 percent lower than the total from third quarter of 2022 to $130.2 billion.
SIA represents 99 percent of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.
“The global semiconductor market experienced significant ups and downs in 2022, with record-high sales early in the year followed by a cyclical downturn taking hold later in the year,” said John Neuffer, SIA president and CEO.
The above chart prepared by research firm Gartner indicates top 10 companies in terms of chip spending in 2022.
Semiconductor sales into the Americas market rose 16 percent in 2022. China is the largest individual market for semiconductors, with sales there totaling $180.3 billion in 2022, a decrease of 6.3 percent compared to 2021.
Annual sales also increased in 2022 in Europe (12.7 percent) and Japan (10 percent).
Several semiconductor product segments stood out in 2022. Analog, a type of semiconductor that is commonly used in vehicles, consumer goods, and computers, had the highest annual growth rate of 7.5 percent, reaching $89 billion in 2022 sales. Logic ($176 billion in 2022 sales) and memory ($130 billion) were the largest semiconductor categories by sales. Sales of automotive ICs grew by 29.2 percent to a record total of $34.1 billion.