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Microchip Market Research Report 2022

Report Code: 82452

Industry: Electronics & Semiconductor

Published On:

Pages: 200

Publisher : MMI

The global microchip market is expected to register a robust CAGR during the forecast period, 2020–2027. The growth of the market is attributed to the rising demand for consumer electronic items including smartphones, computers, and smart televisions as well as wide adoption of microchip in various applications across industries including healthcare and automotive sectors. Meanwhile, the market growth is expected to decline at a certain extent between 2019 and 2020 owing to the negative impact of COVID 19 pandemic on the global microchip market.<br>A microchip, also known as integrated circuit (IC), is a small semiconductor device containing computer circuitry primarily used logical or memory related functions in an electronic device. The chips are widely used in electronic items such as smartphone or computers and other medical devices since they perform the key task of these equipment. These chips are consisting millions of transistors packed into a small piece of silicon and help devices turn into a smaller unit by removing or incorporating on integrated circuit of several components. Microchips act as a key unit for program logic function and computer memory such as random-access memory (RAM) and also used for special purpose such as gateways, bit slicing, and analog to digital conversion. The increase in huge potential for the microchips market can be attributed to the availability of the low cost of raw materials and huge production facilities in many developing countries of the Asian region including China and India.   <br>Segments Covered in the Report
 The global microchip market has been segmented on the basis of   
Integrated Device
Consumer Electronics
Military & Civil Aerospace
Asia Pacific
North America
Latin America
Middle East & Africa<br> Major players competing in the global microchip market include Samsung Electronics, Intel Corporation, Texas Instruments, Cypress Semiconductor, Analog Devices, IBM, Qualcomm, Broadcom Ltd., Advanced Micro Devices (AMD), MediaTek, NVIDIA, TSMC, United Microelectronics, STMicroelectronics, Semiconductor Manufacturing International Corporation, and Taiwan Semiconductor Manufacturing Company. Some of these companies have engaged in adopting several market strategies such as merger and acquisition, collaboration or partnership, launching new products, developing R&D activities, and expansion of its units to enhance their business portfolios and market competency. 

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