The Asia Pacific Semiconductor Memory Market size is estimated at USD 37.5 billion in 2024, and is expected to reach USD 89.90 billion by 2029, growing at a CAGR of 19.10% during the forecast period (2024-2029).
The Asia-Pacific semiconductor memory market is highly competitive owing to various vendors providing memory to the domestic and international markets. The market appears fragmented, with significant vendors adopting strategic partnerships, mergers, and acquisitions strategies to expand their reach and stay competitive. Some major players in the market are Samsung Electronics Co. Ltd, Micron Technology Inc., SK Hynix Inc., and ROHM Co. Ltd. Some of the recent developments in the market are:
In August 2023, SK Hynix announced that it successfully developed HBM3E, the next generation of high-end DRAMs for AI applications. The latest product not only meets the industry’s highest standards of speed, which is the critical specification for AI memory products, but all categories include capacity, heat dissipation, and user-friendliness.
In July 2023, Samsung Electronics announced that it completed the development of the industry’s first Graphics Double Data Rate 7 (GDDR7) DRAM. It will first be installed in next-generation systems of critical customers for verification this year, driving the future growth of the graphics market and further consolidating Samsung’s technological leadership in the field.
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