Chipmaker Industry Group Sees Another Strong Year in 2021

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Semiconductors have been one of the strongest groups this year. Now a trade group sees more gains in 2021.

The Semiconductor Industry Association (SIA) yesterday said worldwide chip sales will increase 8.4 percent in 2021 from this year’s estimated $433.1 billion total. Its statement was an endorsement of a December 1 forecast by the World Semiconductor Trade Statistics Organization (WSTS). That projection was raised from +6.2 percent in July.

SIA also said October chip sales rose 6 percent to $39 billion from a year ago and 3.1 percent versus September. Interestingly, the Americas remain the biggest growth area (+14.2 percent in October) for semiconductor shipments, according to SIA.

See also: Chips Bouncing at the 50-day SMA

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See also: Nvidia Had a Bullish Outside Candle

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