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According to the World Semiconductor Trade Statistics (WSTS) semiconductor market forecast for spring 2021, annual global sales of semiconductors is expected to increase 19.7% in 2021 and 8.8% in 2022. Since semiconductors are a prerequisite for most endeavors in advanced technologies across most industries—from automotive to electronics—the semiconductor industry is projected to grow substantially this year and beyond. Furthermore, the Biden administration’s plan to reduce dependence on foreign chip suppliers by incentivizing domestic producers should position leading semiconductor players AMD and SNPS for sustainable growth.
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