Semiconductor Industry

As semiconductors shrink in physical size, the industry—encompassing design, manufacturing, and sales—continues to expand, projected to reach $1 trillion by 2030, driven by the automotive, computation, data storage, and wireless industries. In 2023, semiconductor sales—the heart of all electronic devices—reached $526.8 billion, with 34% attributable to logic products used primarily in processing. Dominated by companies like Samsung, Intel, and TSMC from the South Korea, the US, and Taiwan, the industry globally shipped 1.15 trillion semiconductor units in 2021. As of 2017, the market shares of key industry sectors were memory (30%), logic (25%), microprocessors (16%), and power semiconductors (9%).