Chipmakers seek steady growth to end boom-bust era

The semiconductor industry is attempting to move out of its boom-and-bust cycles, targeting more sustained growth as demand for chips diversify beyond computers and mobile devices. — AP Photo/file

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.