The Electronic System Design (ESD) industry continues to post strong revenue numbers and project a positive future for the close to 55,000 people employed in our ecosystem. Just consider, the ESD industry reported the highest year-over-year increase in more than 10 years with quarterly revenue reaching a record $3,748.7 million. In fact, revenue increased 17.5% from $3,191.4 million in Q2 2021 to $3,748.7 million in Q2 2022 and the four-quarter moving average, which compares the most recent four quarters to the prior four, rose 15.3%. All product categories and geographic regions recorded growth in the quarter.

These numbers were stated by us –– the ESD Alliance, a SEMI Technology Community –– in our latest Electronic Design Market Data (EDMD) report. As for companies tracked by the EDMD, they employed 54,408 people globally in Q2 2022, an 8.9% increase over the Q2 2021 headcount of 49,964 and up 6% compared to Q1 2022. (more…)