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The rising demand for semiconductor chips from various industries, primarily automotive and consumer electronics, amid a global supply crunch is pushing up chip prices. The global semiconductor industry has witnessed 29% year-over-year sales growth in July 2021.
Increasing government and corporate investments to address the chip shortage, and rising demand for chips due to the fast-paced digital transformation of industries, should keep driving the industry’s growth. The global semiconductor market is expected to grow 25.1% to $551 billion in 2021. So, both AMD and NXP should benefit.
