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Semiconductor Equipment Market to Worth USD 254 Billion by 2032, Driven By Advanced Technologies and Growth in Various Industries | Research by SNS Insider [Yahoo! Finance]
Last lam research corporation earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations: investor.lamresearch.com
Austin, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Market Size & Growth Analysis: The SNS Insider report indicates that,“The Semiconductor Equipment Market Size was valued at USD 116.59 Billion in 2023 and is expected to reach USD 254.00 Billion by 2032 and grow at a CAGR of 9.05% over the forecast period 2024-2032.” Semiconductor Equipment Market Growth Fueled by Technological Advancements and Government Initiatives The semiconductor equipment market is a crucial part of the global technology supply chain, supporting industries such as consumer electronics, automotive, telecommunications, and industrial applications. In 2023, the market has experienced rapid growth, driven by the rising demand for advanced chips in devices like smartphones, PCs, and IoT gadgets. Key government initiatives, including the U.S. CHIPS and Science Act, Japan's ¥1 trillion R&D investment, China's Made in China 2025 strategy, and the European Chips Act, aim to boost local semiconductor production. Technologic
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