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Haptic Technology Market Set for Growth Surge

Haptic Technology Market Set for Growth Surge
A new study from market research firm Global Market Insights reveals that demand for haptic technology is forecast to rise from its current market value of over $7 trillion to over $10 trillion by 2026, gaining remarkable traction between 2020 and 2026. Thanks to growing demand for haptics in the gaming industry and increased use of haptic systems in consumer electronic devices such as tablets and smartphones, the haptics market is set to enjoy exponential growth in coming years. Haptic technology seeks to simulate the sensation of touch using multiple mechanisms. Along with other sensory mechanisms, haptics can be used...

Top-10 Semiconductor Suppliers Post 17% Rise in 1H20 Sales

Top-10 Semiconductor Suppliers Post 17% Rise in 1H20 Sales
The first half of 2020 saw sales of the top-10 semiconductor companies rise by 17% compared to the same period last year, over 3 times the total worldwide semiconductor industry increase of 5%, reports IC Insights. (Source: IC Insights, 2020) All of the top-10 firms had sales of at least $5 billion during 1H20; two more than 1H19. It took $5.2 billion in first half sales to make it onto the list. HiSilicon was the only new entrant in the top-ten rankings, replacing Infineon. HiSilicon is the China-based semiconductor design division of telecommunications giant Huawei. More than 90% of HiSilicon's...

Samsung Electronics Posts 23% Rise in Profit as Pandemic Spurs Chip Demand

Samsung Electronics Posts 23% Rise in Profit as Pandemic Spurs Chip Demand
Samsung Electronics has posted surprisingly robust second-quarter profit, driven by high demand for computer chips amid the new work-from-home economy, despite coronavirus affecting smartphone sales. Beating analyst’s forecasts, the world’s largest manufacturer of memory chips, smartphones and electronic displays posted operating profit for the April-June period at 8.1tn Won ($6.8bn), up 22.7% of last year. The group’s results indicate the health of Asia’s technology sector in the second quarter, during which the pandemic battered global economies. Chip prices were strengthened by data centres stockpiling chips on account of the surge in online activity. However, analysts warn that this trend would...

Electronic Component Manufacturers Face Lengthy Recovery from COVID-19

Electronic Component Manufacturers Face Lengthy Recovery from COVID-19
COVID-19 has caused severe disruption among electronics manufacturers, presenting consumer electronics and the automotive industry with a challenging year ahead, according to GlobalData, a leading data and analytics firm. In a fresh report, analysts disclose that economic shutdowns, which started in China and extended across the globe, have significantly impacted supply chains and may delay the prototyping and production of new products as a consequence. This is further compounded as new car purchases, including electric vehicles, are now unlikely to be a priority for businesses and consumers, amid the economic uncertainty resulting from the pandemic. One of the global electronic...

Electronics Now Account for 40% of a Car’s Cost

Electronics Now Account for 40% of a Car’s Cost
As the comfort and safety levels in cars have constantly improved over time, so have the electronics they carry. Cars are evolving into computers on wheels, and this is driving up their cost; a recent study reveals that electronics now make up 40% of a vehicle’s price tag. According to a new Deloitte analysis, the automotive industry has changed dramatically since 2004, when only 25% of cars had airbags, and less than 50% had power seats. The volume of electronic components in vehicles has significantly increased since then, largely owing to safety regulations. The report notes in particular that 2004...

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