Tag: semiconductor market

Ever since the pandemic erupted in 2020 and put the world to a halt, almost every industry has started experiencing grave microchips shortage. An unprecedented spike in demand for consumer electronics owing to the shift to remote working and distance learning during the pandemic led to a huge demand for microchips. Once the global recovery

The increasing adoption of digitization coupled with enhanced connectivity is rapidly accelerating the demand for modern electronics. The global consumer electronics market size was valued at over USD1 trillion and is anticipated to grow at a CAGR of 8% from 2021 to 2027 with increasing internet penetration. All modern electronics require semiconductors that sit in the heart of integrated