Worldwide semiconductor market was up 6.8% in 2020

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As communicated by WSTS, worldwide semiconductor market sales were US$ 440 billion in 2020, an increase of 6.8 percent from 2019. This reflects the growth in all major product categories, except Optoelectronics and Discrete semiconductors. The largest growth contributors are Logic with 11.1 percent, followed by Sensors with 10.7 percent, and Memory with 10.4 percent. In 2020, Americas produced a very strong 21.3 percent increase, Europe showed a market decrease of 5.8 percent, while Japan and Asia Pacific had a single digit positive growth-rate. The worldwide semiconductor market is expected to increase by 10.9 percent in 2021 which corresponds to sales of US$ 488 billion. A double-digit growth is expected for all geographical regions, except Americas.