Chip Shortages to ‘Gradually Ease’ as 2022 Progresses, Projects Gartner
Global semiconductor revenue is projected to grow 13.6% in 2022, reaching $676 billion, as component supply constraints are expected to “gradually ease” throughout the year, reported Gartner Tuesday. The rise in average selling prices spurred by the chip shortage “continues…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
to be a key driver for growth in the global semiconductor market in 2022,” prompting Gartner to raise its forecast by $36 billion from its previous projections, said the company. The chip shortage “will continue to be a concern for the supply chain of electronics equipment in 2022 and will have different effects in major electronic equipment markets depending on different semiconductor device types,” said Gartner. Most semiconductor shortages eased in PCs and smartphones as production moved into the off season combined with increased semiconductor supply into the market, it said. But some semiconductor device types “will continue to be in shortage in the automotive supply chain through late 2022.”