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Chipmakers Seek Steady Growth to End Boom-Bust Era

  • Supply shortage may begin to ease by second half of 2022
  • Semiconductors becoming essential to products across economy
Bloomberg business news
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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.