New Trends and Advancements In The Semiconductor Memory Market | Intel, Toshiba, Samsung Electronics, SanDisk®, IBM, Fujitsu, Micron Technology, NXP Semiconductors, Infineon Technologies, Texas Instrum

Semiconductor Memory Market is anticipated to reach USD 730 billion by 2024. Rapidly increasing implementation of IoT technologies across all industry verticals is a major factor supporting the development of semiconductor memory market. The technical innovations pose a high demand for components such as sensors, microcontrollers, stroage, and connectivity solutions. As a result, the storage capabilities are evolving to address the high requirements of IoT-based products.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Microchip Technology Inc.
2. Crocus Technology
3. Cypress Semiconductor Corporation
4. Everspin Technologies
5. Fujitsu Global
6. GLOBALFOUNDRIES
7. SK hynix
8. Intel Corporation
9. Micron Technology
10. NXP Semiconductors
11. Renesas Electronics
12. Samsung Electronics
13. SMIC
14. TSMC
15. Texas Instruments
16. Toshiba
17. Western Digital

The incorporation of IoT technology into industrial, consumer, automotive, communications, etc., is a key reason responsible for the increased sales of semiconductor companies. The manufacturing companies in the semiconductor memory market are focusing on developing highly efficient products to provide high-quality solutions to OEMs.

Semiconductor Memory Market, By Technology

o RAM
o SRAM
o SDRAM
o MRAM
o DRAM
o ROM
o EEPROM
o EPROM
o Flash Memory
o PROM

Semiconductor Memory Market, By Application

o Aerospace & Defense
o Automotive
o Consumer Electronics
o Industrial
o Medical
o Telecommunications
o Others

The evolution of industrial IoT technologies and Industry 4.0 strategies adopted in various industrial processes is further fueling the semiconductor memory market demand. These technologies include automated and smart systems that perform manufacturing, assembly, and management operations at high speeds as compared to humans. In order to maintain these output levels and provide cost benefits to industries, the system manufacturers deploy efficient components, which include high-quality chips. These factors coupled with other industrial innovations such as intelligent control is contributing towards the high demand of the semiconductor memory market in the industrial applications.

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The industry suppliers and manufacturers based in North American and European countries incur high manufacturing & production costs as compared to their Asian counterparts. These companies face cost-based challenges due to high labor wages and employment costs in the U.S. and the EU. These factors along with the unavailability of human labor to perform the production & assembly operations manually is a major issue for the manufacturers across North America in the semiconductor memory market. The labor cost issues in the semiconductor memory market can be overcome by deploying efficient automated machines and facilities that reduce the human involvement and provide better operational results compared to the workers. These automated machines offer several benefits to the companies as they produce high-quality & faultless products, saving time and enhancing the production process.

The U.S. semiconductor memory market is witnessing a high popularity for SSDs due to a gradual increase in the consumption of electronic products in the country. A rise in the consumer disposable income and the utilization of digital technologies across all industry verticals are the major factors responsible for high storage solutions requirements. Declining chip prices in the Asian market are enforcing customers in North America to import such products from companies based in the Asian countries. Moreover, the growing need for high-capacity storage & memory devices and their deployment in mobile devices and huge data centers is supporting high requirements for NAND Flash memory solutions.

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Players operating in the market are Microchip Technology, Inc., Cypress Semiconductor Corporation, SK Hynix, Inc., Intel Corporation, Micron Technology, Inc., NXP Semiconductors, Renesas Electronics Corporation, Samsung Electronics Co., Ltd., etc. Technical innovations in the semiconductor industry and the integration of intelligent technologies in all the industry verticals are encouraging the development of the latest components.

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