SINGAPORE: Semiconductor companies may not be as headline-grabbing as their big tech counterparts such as Apple, Google and Facebook.
Buoyed by these megatrends, the semiconductor market research firm is projecting that the market will grow about 12 per cent this year, following an 8 per cent increase in 2020.Data from the Semiconductor Industry Association, which represents the US semiconductor industry, also suggests improving sales this year.
"We also see that domestic Chinese players are increasingly stepping up their capex expansion very aggressively,” said Mr Chen.The trade war has turned into a tech war, with the US taking steps to restrict American companies from exporting technology, chip supplies and chipmaking equipment to Chinese firms.
"The US players also have a lot to lose potentially because of the very high market share of Chinese players in the downstream applications such as smart homes, for instance where China occupies more than 50 per cent of the global shipments.”Already, the automotive industry is feeling the chill. The sector has had to compete with other industries for chips.
Singapore Latest News, Singapore Headlines
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