The semiconductor sales rose by 6.5 percent total across the globe in 2020. The main retrieval of the Soc sales arrived after the final quarter saw a robust performance that offset the first sharp decline of the industry owing to the Covid-19.
As per reports, the worldwide chip sales in 2020 touched 439 billion US Dollars, out of which, 208 billion US Dollars or about 47 percent of all sales were from US Soc makers. Particularly, Soc sales in the US alone accounted for 94.15 billion US Dollars, which is up by 19.8 percent year on year over 2019, as per information from Semiconductor Industry Association (SIA).
The main reason for the Soc sales rise in the US was driven by the rising demand for high-end memory chipsets that are used in applications like data centers.
This was more supported by major American tech giants like Microsoft, Amazon, and Google seeing a surging rise in demand in the use of cloud computing during last year as business shifted towards the digital realm for online education to even remote working.