The semiconductor industry is one of the most complex, dynamic, and technologically advanced sectors in the world. It plays an essential role in shaping modern life, serving as the foundation for everything from smartphones and MRI machines to kitchen appliances and space shuttles. In today’s digital world, nearly every device we rely on is powered by semiconductor chips.
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The demand for semiconductor chips has reached unprecedented levels. According to the Semiconductor Industry Association (SIA), the industry shipped a record of 1.15 trillion semiconductor units last year. This figure means that every person on earth could receive more than 150 chips annually. In addition, the SIA announced that global semiconductor sales hit $627.6 billion in 2024, an increase of 19.1% compared to 2023. The semiconductor industry is projected to reach more than $726.73 billion by 2027.
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