Although the ongoing supply chain disruptions continue to affect global chip production, the semiconductor industry is expected to grow at a CAGR of 8.6% between 2021 and 2028, reaching $803.15 billion in the final year. The industry's growth will be driven by wider usage of chips in Artificial Intelligence (AI), the Internet of Things (IoT), machine learning technologies, and higher consumption of consumer electronic devices.
Despite the shortage, the global semiconductor sales increased 23.5% YoY in November, reflecting an 8.71% gain in the iShares PHLX SOX Semiconductor Sector Index ETF (SOXX) over the past six months, compared to SPDR S&P 500 Trust ETF (SPY) 3.49% gains over the same period.
