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

See also: Is Micron Finally Ready to Move?

See also: Nvidia Had a Bullish Outside Candle

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David Russell is VP of Market Intelligence at TradeStation Group. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.