The Semiconductor Industry is expected to grow from USD 0.72 trillion in 2024 to USD 1.21 trillion by 2029, at a CAGR of 10.86% during the forecast period (2024-2029).
The semiconductor industry features major players like Intel Corporation, Samsung Electronics Co. Ltd, Qualcomm Incorporated, Micron Technology Inc., and SK Hynix Inc., contributing to its semi-consolidated nature. Market participants are actively leveraging strategies such as partnerships and acquisitions to bolster their product portfolios and secure enduring competitive advantages.
In October 2023, Micron significantly expanded its 1β process node technology by introducing the 16Gb DDR5 memory. Rigorously tested and validated for in-system functionality at speeds of up to 7,200 MT/s, this new product is now being shipped to Micron's data center and PC clientele. The incorporation of advanced high-k CMOS device technology, a 4-phase clocking system, and clock-sync 1 in Micron's 1β-based DDR5 memory yield a substantial performance enhancement of up to 50%, accompanied by a 33% improvement in performance per watt compared to the prior generation.
September 2023 witnessed Intel Foundry Services (IFS) and Tower Semiconductor, a notable provider of analog semiconductor solutions, announcing a collaboration. Intel will extend its foundry services and 300mm manufacturing capacity to assist Tower in catering to its global clientele. Tower, as part of the agreement, will leverage Intel’s advanced manufacturing facility in New Mexico to fulfill its operational needs.
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