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Global Semiconductor Market Trends and Challenges
Market Growth
The world semiconductor market has grown from 300 Bn USD in 2018 to 800 Bn USD in 2024.
Supply Fluctuations
The semiconductors supply chain has seen many fluctuations, causing the entire world to go into a tail spin.
Geopolitical Factors
The fluctuations are may be caused by trade war going on between China and America or the Russia Ukraine war or Tension between China and Taiwan.
Supply Diversification
All of the above has force the world to look into developing Alternative supply chains.
Regional Opportunities
Countries like India, Vietnam and Phillipines look to take advantage of the situation.
India's Incentive
across the world, by introducing the PLI schemes; India has created genuine interest in the minds of these global players.
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