BY ROY ALBERT ANDRADE, K1LLER, Inc.
WASHINGTON, D.C - The Semiconductor Industry Association (SIA), is a trade association and lobbying group founded in 1977. The SIA announced this morning that the global semiconductor industry posted sales totaling $412.2 billion in 2017, an increase of 21.6 percent calculated to the 2016 total. "As semiconductors have become more heavily embedded in an ever-increasing number of products – from cars to coffee makers – and nascent technologies like artificial intelligence, virtual reality, and the Internet of Things have emerged, global demand for semiconductors has increased, leading to landmark sales in 2017 and a bright outlook for the long term," said John Neuffer, SIA president and CEO. "The global market experienced across-the-board growth in 2017, with double-digit sales increases in every regional market and nearly all major product categories. We expect the market to grow more modestly in 2018."
Memory was the largest semiconductor category by sales, accounting for $124.0 billion in 2017, and the fastest growing, with sales increasing 61.5 percent. "A strong semiconductor industry is foundational to America's economic strength, national security, and global technology leadership," said Neuffer. "We urge Congress and the Trump Administration to enact polices in 2018 that promote U.S. innovation and allow American businesses to compete on a more level playing field with our counterparts overseas. We look forward to working with policymakers in the year ahead to further strengthen the semiconductor industry, the broader tech sector, and our economy."
Shawn W. Anderson