Asia Pacific is Going Positive on Semiconductor Industry
As reported by Tech Wire Asia, the Asia Pacific is the world’s biggest market for semiconductors, accounting for 60% of global semiconductor sales, with China alone accounting for over 30%. As 5G brings higher connectivity and the ability to reliably connect multiple gadgets, more projects and companies in Asia are looking to use semiconductor technology.
MediaTek, a Taiwanese fabless semiconductor company, unveiled its new Dimensity 1200 and Dimensity 1100 5G smartphone chipsets with unrivaled AI, camera, and multimedia features for powerful 5G experiences in January 2021. The chipsets also integrate 5G HSR Mode and 5G Elevator Mode enhancements to ensure a seamless, reliable 5G connection across networks.
The Insight Partners revealed that the Asia Pacific 5G chipset market is expected to grow at a CAGR of 44.4% from 2020 to 2027, to account for USD 8,674 million in 2027. Driving factors such as a rise in demand for a reliable communication network and rapid growth in the development of smartphones are anticipated to have a huge impact on the development of the 5G chipset market in the coming years.
Furthermore, Asia Pacific is emerging as the main manufacturing hub of semiconductors. According to Financial Times, the US’s share of global semiconductor manufacturing capacity fell from 37% in 1990 to just 12% last year, while Asia regions like China expanded its share from almost nothing to 15%, a figure that is expected to rise to 24% in the next decade. Thus, many believed that the semiconductor market in Asia Pacific is expected to showcase a positive outlook during the next decade.
Source: Unsplash
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