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Global chip demand expected to grow 11.2% to record $697 bil. in 2025
The global chip market is projected to grow 11.2 percent to a record $697.18 billion in 2025, boosted by robust demand for semiconductors for use in artificial intelligence-powered smartphones and data centers, according to an industry organization forecast.
The global chip market is projected to grow 11.2 percent to a record $697.18 billion in 2025, boosted by robust demand for semiconductors for use in artificial intelligence-powered smartphones and data centers, according to an industry organization forecast. The forecast was revised up from a June estimate of $687.38 billion, the World Semiconductor Trade Statistics, an organization formed by major chipmakers, said. The markets for other types of semiconductors such as analog chips are also expected to expand, as long as the global economy grows at least moderately.
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