SCOTTSDALE, AZ – Despite rampant inflation, soaring energy costs, ongoing glitches in supply chains, recent Covid-19 virus lockdowns in China, and Russia’s war with Ukraine, IC Insights continues to anticipate an 11% increase in total semiconductor sales this year, the same growth rate forecast in January.  The semiconductor market is expected to reach record-high sales of $680.7 billion in 2022.

NEEDHAM, MA – Shipments of smartphones will decline 3.5% to 1.31 billion units in 2022, according to International Data Corp. After three consecutive quarters of decline and increasing challenges in both supply and demand, IDC has significantly reduced its forecast for 2022 from the previous projection of 1.6% growth. However, IDC expects this to be a short-term setback as the market rebounds to achieve a five-year CAGR of 1.9% through 2026.