Chipmakers Seek Steady Growth to End Boom-Bust Era

$Intel (INTC.US)$ Semiconductor revenue is poised to top half a trillion dollars in 2022 for the first time ever.

But chipmakers are pursuing another milestone that may be even more ambitious given their famously boom-and-bust past: sustained growth. If estimates hold, 2022 will represent a rare third straight year of revenue increases for the industry.

Sales are jumping as computer chips spread to every part of consumers’ lives, becoming essential components of products from cars to smart devices to clothing. Surging demand during the pandemic also resulted in a shortage that is only now beginning to ebb; customers are still snapping up semiconductors as fast as the chipmakers can roll them off production lines.
$Micron Technology (MU.US)$

Part of the content is taken from Yahoo.