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Semiconductor market opportunities

Smartphones represent an important market for the semiconductor industry , especially as these devices become more advanced and able to support technologies such as XR , 5G , and AI . Servers and data centers will become an even more important opportunity, with semiconductor innovation required to support cloud data centers and the rise in edge computing. Industrial and automotive applications are also expected to experience increased demand: as manufacturing facilities and vehicles become smarter and ever more connected, the requirement for more advanced semiconductor technology to fulfill these tasks grows.

Semiconductor companies

Some of the biggest companies within the semiconductor industry include integrated device manufacturers (IDMs) like Intel, Samsung Electronics, SK Hynix, and Micron Technology. The South Korean company Samsung held the greatest share of the global semiconductor market, generating more than 73 billion U.S. dollars in semiconductor revenue in 2021. The company overtook the previous leader, Intel, benefitting from its dominance in the memory segment of the market. Other notable firms within the global semiconductor industry include fabless companies like Qualcomm and Nvidia, the likes of which work closely with foundries such as Taiwan Semiconductor Manufacturing Company (TSMC) - the world's largest foundry - who manufacture chips in their fabrication plants (fabs).

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