Asia Pacific Leads $230B Global Semiconductor Market Despite Pandemic Headwinds
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Asia Pacific dominated the global semiconductor market in 2022, reaching $230.5 billion in value. China had the largest individual market at $180.4 billion.
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The COVID-19 pandemic triggered a global chip shortage, severely impacting auto production. Output dropped 16% in 2020 to 78 million vehicles.
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Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s largest semiconductor manufacturer, with $73.67 billion revenue in 2022.
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Israel hosts renowned giants like Intel and IBM. In 2022, Intel’s exports from Israel reached $8.7 billion.
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The Netherlands holds significant global semiconductor market share, home to companies like ASML, NXP Semiconductors, and STMicroelectronics.