Semiconductor Sales Rose 6.5% in 2020

In spite of its considerable challenges, 2020 ended up being a good year for the semiconductor industry. According to figures compiled by the Semiconductor Industry Association (SIA) and released on Monday, total global sales increased to $439 billion during the year, up 6.5% over the 2019 figure.

It was an up-and-down year for the sector. In the wake of the coronavirus outbreak, sales declined precipitously in March and April as many customers sharply curtailed their spending plans. But they later eased the brakes; in the fourth quarter, for example, sales totaled $117.5 billion, a more than 8% improvement over the same period of 2019.

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Source Fool.com