[BMc2020]

Demand fell off off a cliff.

[missedthecue]

according to Patrick Gelsinger, CEO of Intel, demand for semiconducters grows at 5% per year. Covid drove demand to "twenty-plus percent"

https://youtu.be/mV0ek-i9C8U?t=105

I believe he of all people would have an adequate pulse on the industry during that time.

[BMc2020]

Semiconductor Sales

2017 419 billion

2018 468 billion

2019 418 billion

2020 439 billion

2021 555 billion

2022 573 billion

Do you see the cliff? (hint: 2019)

Source: Lived through it