As Wally Rhines concluded his talk during SEMI’s “Innovation for a Transforming World,” we broke the news that our industry’s revenue increased 17% to $3,1571.7 million in Q1 2021, the highest total Q1 growth in 21 years. And according to Wally, Executive Sponsor of the SEMI Electronic Design Market Data (EDMD) report, and President and CEO of Cornami, this increase is almost three times the historical average.
While his opening slides in “Trends in the Semiconductor Design Ecosystem” covered the highlights of the EDMD report, Wally used the presentation to showcase some unmistakable megatrends driving the historic growth. EDA has shown sustained growth for more than a decade with new methodologies driving revenue growth. Since 2021, the industry has shown 8% CAGR and is now an $11.4-billion market.
