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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.

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

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