Revenue of the global semiconductor market is forecast to grow by 17.3 percent this year versus 10.8 percent in 2020,according to a report from International Data Corp, a market research company.
Chips with higher memory is driven by their wider use in mobile phones, notebooks, servers, automobiles, smart homes, gaming, wearables, and Wi-Fi access points.
The semiconductor market will reach $600 billion by 2025, with compound annual growth rate of 5.3 percent from this year through 2025.
The global revenue of 5G semiconductors is forecast to increase by 128 percent year-on-year this year,with total mobile phone semiconductors expected to grow by 28.5 percent.
Amid the current shortage of chips, many semiconductor companies are beefing up their efforts to build new production capacities.
For instance, last week, German chipmaker Infineon Technologies AG opened its high-tech,300-millimeter wafers factory for power electronics at its Villach site in Austria.
At 1.6 billion euros ($1.88 billion),the investment made by the semiconductor group represents one of the largest such projects in the microelectronics sector in Europe.
Fu Liang, an independent technology analyst, said as chip shortages ease, many industries like automotive,smartphones and personal computers will benefit.
Post time: Nov-22-2021