Chip sales are set to grow nearly 10% in 2022 as risks rise, predicts new report

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Chip sales are set to grow nearly 10% in 2022 as risks rise, predicts new report
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The momentum in the semiconductor space is set to remain strong going into 2022, according to a report by trade credit insurer Euler Hermes.

Chipmakers have been clear winners in the pandemic era, and the momentum in the semiconductor space is set to remain strong going into 2022, according to a report released Monday by trade credit insurer Euler Hermes.

Employees wearing cleanroom suits walk beneath Automated Material Handling Systems vehicle robots moving along tracks on the ceiling inside the GlobalFoundries semiconductor manufacturing facility in Malta, New York, U.S., on Tuesday, March 16, 2021.Chipmakers have been clear winners in the pandemic era, and the momentum in the semiconductor space is set to remain strong going into 2022, according to a report released Monday by trade credit insurer Euler Hermes.

A months-long semiconductor shortage during the pandemic impacted a wide-range of industries — from automobiles to gaming consoles — as chipmakers struggled to keep up with unprecedented demand as global economic activity bounced back from the Covid crisis.have already announced plans to increase capacity, it usually takes years before these facilities come online. TSMC's Taiwan-listed shares have already surged more than 80% in roughly two years.

An "increasing frequency of unusually adverse climatic events" proving to be a major challenge for the semiconductor sector, which relies on optimal capacity utilization for its profitability.

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