Micron Technology Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Value
Company profile

Micron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.


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Semiconductor Market Worth USD 726.73 Billion at 4.7% CAGR; Industry Giants Such as Intel and NVIDIA to Focus on Managing Finances amid the COVID-19 Pandemic: Fortune Business Insights(TM)

6:36 am ET October 16, 2020 (Globe Newswire) Print

The global semiconductor market size is projected to reach USD 726.73 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. Increasing smartphone usage will be a key growth factor for this market, finds Fortune Business Insights(TM) in its report, titled "Semiconductor Market Size, Share & COVID-19 Impact Analysis, By Components (Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors and Others), By Application (Networking & Communications, Data Processing, Industrial, Consumer Electronics, Automotive, Government) and Regional Forecast, 2020-2027". Greater affordability and improving accessibility to mobile phone technology have led to wider smartphone adoption over the past few years. According to the American think tank, Pew Research Center, approximately 2.5 billion people worldwide own at least one smartphone. Semiconductors are the heart of smartphones and other consumer electronics, embedded into microprocessors and transistors that power all electronic devices. Most of the semiconductor chips are made from silicon, with the element powering a multi-billion-dollar tech industry. The demand for these materials is thus unlikely to fall in the near future owing to their essentiality in the electronics industry.

The COVID-19 pandemic has brought economies to a standstill, spreading uncertainty, anxiety, and panic among businesses across industries around the globe. Governments are taking the necessary steps to wade their countries out of these troubled waters, while private companies are looking for alternatives to survive these trying times. At Fortune Business Insights(TM), we are striving to gain market intelligence to equip you with updated information and aid your efforts at wading through this crisis. We are offering precise market reports based on our expertise and experience in the field of market research.

Click here to get the short-term and long-term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/semiconductor-market-102365

According to the report, the global market value in 2019 stood at USD 513.08 billion. The highlights of the report include:

-- Tangible analysis of the impact of the coronavirus outbreak on the market;

-- Comprehensive examination of the market drivers, trends, and challenges;

-- Microscopic study of the various market segments; and

-- Granular evaluation of the regional developments and competitive landscape of the market.

Market Restraint

US-China Trade War to Hinder Market Growth

One of the biggest challenges facing the semiconductor market growth is the on-going trade war between the United States and China. The Trump administration announced in April 2018 that it will impose tariffs amounting to USD 50 billion that had a direct bearing on this industry as prices of components and equipment imported from China rose dramatically. According to the announcement, chips produced in China would be subject to 25% tariff, even if the components had been made in the US. This decision has to a notable decline in sales in the US. For example, the Semiconductor Industry Association (SIA) reported a 28.8% contraction in their sales, which fell to USD 6.29 billion in August 2019. With two of the largest chip manufacturers engaged in an intense trade war, the global supply chain of semiconductors is likely to suffer as a result. The damage will be even more heightened because of the COVID-19 pandemic.

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/semiconductor-market-102365

Regional Insights

Steadily Climbing Demand for Advanced Electronics to Fuel the Market in Asia Pacific

Asia Pacific is expected to dominate the semiconductor market share during the forecast period on account of the steadfast rise in demand for advanced electronics and components across the region. The region's leading position is further bolstered by the expanding chip manufacturing operations in China, which holds a significant share in the global industry. In 2019, the market size of Asia Pacific stood at USD 279.77 billion.

Heavy investments in R&D are anticipated to propel the market in North America. The SIA estimates that between 1999 and 2019, spending on semiconductors in the US grew by 6.6% annually. In Europe, on the other hand, the market will be primarily driven by the widespread adoption of these materials across the region's robust automotive industry.

Competitive Landscape

Capacity Expansion to Fulfill Long-Term Growth Strategies of Key Players

With exponential spread of electronics around the globe, the demand for semiconductors is skyrocketing. To meet this demand, key players in the market are making massive investments to elevate their production capacities. In addition, several players are intensely focused on innovation to deepen their footprint in the market.

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Industry Developments:

-- February 2020: Samsung Electronics announced that mass production has commenced at its semiconductor fabrication plant at Hwaseong, Korea. The facility, called V1, is the company's maiden production plant devoted to the extreme ultraviolet lithography technology and manufactures chips utilizing process nodes of 7 nanometers or below.

-- February 2020: Toshiba expanded its micro-stepping motor driver Integrated Circuits (ICs) product line, adding a new IC to the mix, the TC78H670FTG. Having a maximum rating of 18V/2.0A, the IC can power a variety of motors at different ranges of operating voltages.

List of Key Companies Profiled in Semiconductor Market Report:

-- NXP Semiconductors N.V. (Eindhoven, The Netherlands)

-- Micron Technology (Idaho, United States)

-- Toshiba Corporation (Tokyo, Japan)

-- Taiwan Semiconductors (Hsinchu, Taiwan)

-- Samsung Electronics (Suwon-si, South Korea)

-- Intel Corporation (California, United States)

-- NVIDIA Corporation (California, United States)

-- Maxim Integrated Products, Inc. (California, United States)

-- Texas Instruments (Texas, United States)

-- SK Hynix (Gyeonggi, South Korea)

-- Qualcomm (California, United States)

-- Broadcom, Inc. (California, United States)

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/semiconductor-market-102365

Detailed Table of Content

-- Short-term Impact

-- Long-term Impact

-- Memory Devices

-- Logic Devices

-- Analog IC

-- MPU

-- Discrete Power Devices

-- MCU

-- Sensors

-- Others (DSP, etc.)

-- Networking & Communications

-- Data Processing

-- Industrial

-- Consumer Electronics

-- Automotive

-- Government

-- North America

-- Europe

-- Asia Pacific

-- Middle East & Africa

-- Latin America

TOC Continued...

Quick Buy - Semiconductor Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102365

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