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Amid the ongoing global semiconductor shortage, several companies have been ramping up production to meet the growing market demand. In addition, governments worldwide have been increasing investments in memory devices and integrated circuit (IC) components because the chips form the backbone of emerging autonomous driving technology and 5G-enabled devices, among others.
According to an IndustryARC report, the semiconductor market is expected to grow at a 5.9% CAGR between 2021 – 2026. So, as two of the established players in the semiconductor space, IMOS and ON should benefit from the favorable industry backdrop.
