Advanced Semiconductor Materials market set to reach USD 140.38 billion by 2032 with geopolitical tensions driving innovation.

From GlobeNewswire: 2024-12-09 08:00:00

The Advanced Semiconductor Materials Market was valued at USD 50.55 Billion in 2023, projected to reach USD 140.38 Billion by 2032, with a CAGR of 12.1%. Geopolitical tensions drive innovation, with compound semiconductors leading the market. Asia Pacific dominates, while North America shows rapid growth. Recent developments include funding for Wolfspeed and Coherent’s InP wafer fabrication capability. Samsung plans to invest KRW 20 trillion by 2030 in a new research facility for memory, system LSI, and foundry semiconductor R&D, set to start operations in 2025. The market report on advanced semiconductor materials includes key vendors, performance benchmarks, integration capabilities, usage statistics, and regional analysis. SNS Insider offers market research and consulting services globally, providing clients with current, accurate data and insights to make informed decisions. For more information, visit the provided link.



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