Press Release
Press Release
The global semiconductor market was dominated by the Asia Pacific region in 2022. Various end-users in the Asia Pacific region contribute to the development of the semiconductor industry. The smartphone market in the region has grown significantly, further contributing to the semiconductor market growth by promising various business opportunities to the suppliers.
Increasing concerns about data capture and communications services, together with the capacity of their chips to co-operate with other players throughout the IoT value chain, make semiconductor manufacturers approach their markets differently. The production of custom chipsets is projected to increase rapidly and to increase the demand for various advanced semiconductor applications based on the customers' requirements. It is anticipated that the consumer electronics industry, a major end-use sector in the semiconductor market, will achieve around half of its revenues from TV, video game consoles and manuals, and digital set-top boxes. The wearables segment is also anticipated to increase at a very high rate.
In July 2020, Intel (NASDAQ: INTC), one of the major players in the semiconductor industry, and Apple reportedly entered into an agreement, leading to Apple (NASDAQ: AAPL) buying most of the Intel's smartphone modem market. In February 2021, Intel (NASDAQ: INTC) announced its unmatched 5 G network infrastructure portfolio. The latest addition to Intel's robust 5 G network infrastructure portfolio includes a new 2nd-Gen Intel Xeon Scalable Processors and the Intel Atom P5900 Processor Family: An Intel Ethernet 700-series XXV710-DA2T hardware-enhanced PTP network adapter, and an Intel eASICTM. These developments by the leading key players in the industry are expected to push the market growth further.
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The major key players in the global semiconductor market include Intel Corporation, Micron Technology, Inc., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., SK Hynix Inc., Taiwan Semiconductor Manufacturing Company Limited, Broadcom Inc., MediaTek Inc., Texas Instruments, NXP Semiconductors N.V., and Nvidia Corporation, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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