Semiconductor Market is to Reach USD 803.15 Billion by 2028

Companies in Semiconductor Market are Broadcom, Inc. (California, United States), Intel Corporation (California, United States), Qualcomm (California, United States), Samsung Electronics (Suwon-si, South Korea), SK hynix (Gyeonggi, South Korea), Taiwan Semiconductors (Hsinchu, Taiwan), Texas Instruments (Texas, United States), Toshiba Corporation (Tokyo, Japan), Maxim Integrated Products, Inc. (California, United States and others

Pune, India, Dec 07, 2021 (GLOBE NEWSWIRE via COMTEX) -- Pune, India, Dec. 07, 2021 (GLOBE NEWSWIRE) -- The global semiconductor market is set to gain momentum from the surging advancement in the fields of wirelessly connected devices, the Internet of Things (IoT), and artificial intelligence (AI). Micron Technology, Inc., for instance, is presently focusing on the development of multi-chip packages and high-capacity memory containing AI training for mobiles and edge devices. This information is given by Fortune Business Insights(TM) in its report, titled, "Semiconductor Market Size, Share & COVID-19 Impact Analysis, By Components (Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, and Others), By Application (Networking & Communications, Data Processing, Industrial, Consumer Electronics, Automotive, Government) and Regional Forecast, 2021-2028." As per the report, the market size is projected to grow from USD 452.25 billion in 2021to USD 803.15 billion in 2028 at a CAGR of 8.6% in the forecast period. It stood at USD 425.96 billion in 2020.

 

https://www.marketwatch.com/press-release/semiconductor-market-is-to-reach-usd-80315-billion-by-2028-ap-memory-technology-corporation-joins-nxp-connect-partner-program-to-provide-superior-products-to-customers-reports-fortune-business-insightstm-2021-12-07