Semiconductor Market Projected to Reach $1,033.5 Billion By 2031 | Allied Market Research

The global semiconductor market was valued at $555.9 billion in 2021, and is projected to reach $1,033.5 billion by 2031, registering a CAGR of 6.21% from 2022 to 2031.

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A semiconductor is a substance that has specific electrical properties that enable it to serve as a foundation for computers and other electronic devices. It is typically a solid chemical element or compound that conducts electricity under certain conditions but not others.