Review on Global Semiconductor Market

 

Chip manufacturing has rapidly shifted from North America to Japan and East Asia since the beginning of the 1980s. East Asia is leading the wafer fabrication and ATP, while the US is leading the chip design and machineries. From 2015 to 2020, semiconductors were the globally top traded goods (Rapp and Mobert, 2022). In 2023, the value of the global semiconductor market was USD 611.35 billion.

The potential for developing the semiconductor market is huge because of the increasing use of electronic items and the expanding of AI, robotics, EVs, and industrial automation. Furthermore, the expected compound annual growth rate for the period from 2024 to 2032 in the semiconductor industry is 14.9%. Accordingly, by 2032, the value of the semiconductor industry will be USD 2062.6 billion (Fortune Business Insights, 2024).


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"Review on Global Semiconductor Market"

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