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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...

Hard-Hit Automotive Electronics Sector Stuck in Neutral

Hard-Hit Automotive Electronics Sector Stuck in Neutral
While some semiconductor sectors are showing signs of recovery, the automotive sector continues to suffer as the pandemic extends into the summer of 2020. Despite Marvell and several other chip makers showing signs of life, including new 52-week highs for stock prices, the automotive electronics sector remains stagnant. London-based market research firm Omdia forecasts a 16% drop in annual revenue for the hard-hit automotive power semiconductor segment. That equates to approximately $9.1 billion in 2020 revenues. The contraction reflects declining vehicles sales and plunging auto production, according to analysts. Earlier this year, hopes of a rebound in automotive power semiconductor...

Memory, Power and AI Semis in 5G to Hit $15 Billion by 2025

Memory, Power and AI Semis in 5G to Hit $15 Billion by 2025
The 5G AI, memory, and power amplifier (PA) semiconductor market is rapidly transitioning from a nascent stage to a growth stage, according to a new report by market research firm Frost & Sullivan. This development is strongly driven by exponentially increasing data traffic, technological advancements leading to hardware performance and capability improvements, and the emergence of new use cases, the report says. Registering an unprecedented growth at a compound annual growth rate (CAGR) of 74.3%, the market for 5G AI, memory, and PA semiconductors is projected to reach revenue of $15.03 billion by 2025, up from $536.9 million in 2019....

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