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10 SMT007 MAGAZINE I FEBRUARY 2022 porary or more permanent. Prices are up and companies will need to pass those forward. But I do think the rate of increase will slow." One could conclude that DuBravac is speaking to the possibility of market oscillation due to overcorrections. Of course, labor plays a part in this whole dynamic. DuBravac shares, "We'll be more reli- ant on wage increases and business investment to drive growth. If you look at IPC's newly released indices, the ability to hire skilled labor remains a major constraint for companies—at least over the next six months—so I don't antici- pate that to improve. In fact, most firms say that will deteriorate over the next six months. My rough estimate is that we have nearly 120,000 open jobs in our industry in the U.S." As this issue goes to print, we are just wrap- ping up IPC APEX EXPO in San Diego. I hope I saw you there. Watch for our upcoming spe- cial edition of Show & Tell Magazine with IPC APEX EXPO, out mid-February. SMT007 References 1. Historical development of balloon flight, Britan- Nolan Johnson is managing editor of SMT007 Magazine. Nolan brings 30 years of career experience focused almost entirely on electronics design and manufacturing. To contact Johnson, click here. The Semiconductor Industry Association (SIA) announced global semiconductor industry sales were $49.7 billion in the month of November 2021, an increase of 23.5% over the November 2020 total of $40.2 billion and 1.5% more than the October 2021 total of $49.0 billion. The cumulative annual total of semiconductors sold through November 2021 reached 1.05 trillion, which is the industry's highest-ever annual total. Monthly sales are compiled by the World Semi- conductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA rep- resents 98% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. "Global semiconductor sales remained strong in November, increasing substan- tially on a year-to-year basis across all major regional markets and semicon- ductor product categories," said John Neuffer, SIA president and CEO. "With one month of 2021 sales data still to be reported, the industry has already set a new annual record for total semiconduc- tor sales and units shipped, as chipmak- ers have substantially ramped up produc- tion to address high demand." R e g i o n a l l y, y e a r - t o - y e a r s a l e s increased in the Americas (28.7%), Europe (26.3%), Asia Pacific/All Other (22.2%), China (21.4%), and Japan (19.5%). Month-to-month sales increased in the Americas (4.2%), Europe (3.1%), Japan (1.1%), and Asia Pacific/All Other (0.9%), but fell slightly in China (-0.2%). Global Semiconductor Industry Establishes Annual Record for Number of Semiconductors Sold

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