Introduction
It’s no understatement to say that the power and potential of the Internet of Things (IoT) and connected devices has completely transformed the semiconductor industry.
With semiconductors found in just about every electronic device, people around the world have become increasingly dependent on them as part of their day-to-day lives. In 2021, global semiconductor sales reached 595 billion US dollars, with the semiconductor industry predicted to grow once again this year to 676 billion US dollars. Because of consumer and industrial demand for connected devices, this growth is not expected to subside anytime soon.
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