he chip industry just had its best year ever in sales, hit by a global semiconductor shortage and growing demand, industry executives predict total sales will double to $1 trillion in less than a decade The industry is struggling to keep up with demand for its products, leading to supply shortages and prompting countries to scrutinise chip production, prompting government subsidies and a historic wave of investment, the report said Global chip sales rose about 25 percent year-on-year to a record $583.5 billion in 2021, with a chronic chip supply shortage expected to boost the semiconductor industry's revenue by 9 percent this year, faster than the historical average, according to U.S. consultancy Gartner
