Global Semiconductor Memory Market: Key Highlights
Global Semiconductor Memory Market: Key Market Dynamics
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Global Semiconductor Memory Market: Regional Overview
Asia-Pacific will dominate the semiconductor memory market during the forecast period. Rising production of memory solutions and consumer electronics products in China, India, and South Korea will raise the semiconductor memory market in Asia-Pacific. Availability of raw materials to make memory chips is also adding advantage in the growing market. SK Hynix, SAMSUNG, Taiwan Semiconductors, and TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION among others have the highest market shares of semiconductor memory market in APAC.
North America is expected to grow at faster rate during forecast period. North America is anticipated to emerge as the fastest growing regional market over the forecast period, followed by Europe. Before the COVID-19 outbreak, the US, Germany, France, the UK, and Italy were expected to witness the highest growth in the region on account of rising research & development (R&D) activities by companies and presence of large market players such as Texas Instruments, Micron Technology Inc., and Microchip technology Inc. among others are dedicated to developing new technologies.
Global Semiconductor Memory Market: Key Players Overview
STMicroelectronics engages in the provision of semiconductor technologies, devices, and solutions. The company invest 16% of its revenue in R&D every year and engage in extensive collaboration with leading research labs and corporate partners throughout the world. The company provides NVRAM and serial EEPROM for various storage applications. STMicroelectronics launched 4Mbit EEPROM memory chips that combine unprecedented storage density with speed and reliability.
ROHM is an industry leader in ICs, discrete components and module products, utilizing the latest in semiconductor technology. The company provides various memory ICs such as DRAM (LAPIS), Serial EEPROM (662), and FeRAM (LAPIS). ROHM Semiconductor Acquires Powervation, a privately held digital power IC company that develops digital power management system-on-chip (SoC) solutions. This acquisition enables company to address a broad range of fast growing market opportunities, as customers increasingly adopt digital power solutions to power next generation high density systems and ICs such as processors, memory, FPGAs, and ASICs.
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