ASIC CHIP MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In November 2023, Alchip Technologies, Ltd. Which is a fabless semiconductor company introduced a new automotive ASIC platform at the Design Solutions Forum 2023. This platform aims to simplify the ASIC design process for global automotive IC manufacturers and addresses the specific needs of automotive companies.
• In April 2023, AMD which is a semiconductor company revealed the AMD Alveo MA35D media accelerator, which features two 5nm ASIC-based video processing units. These units support the AV1 compression standard and are designed to power live interactive streaming services at scale.
• In February 2023, Fortinet, a cybersecurity company, unveiled FortiSP5, the latest advancement in ASIC technology. This technology enhances security for distributed network edges by providing improved computing power, lower costs, and lower power consumption.
• In September 2022, Infineon Technologies AG which is a semiconductor manufacturer, launched a new product line of OptiMOS 5 IPOL buck regulators with digital interfaces for network ASICs/FPGAs and server CPUs. These regulators offer an efficient solution for various applications.
• In March 2022, Key ASIC Berhad announced a partnership agreement to develop a Digital Economy Park in Shaoxing City, China. The agreement involves several parties, including Key ASIC Berhad, the Shaoxing Government, Cheerplan (China) Investments Co. Ltd., and Jiaoyang Integrated Circuit Manufacturing Co. Ltd.
• Additionally, Meta plans to use custom ASIC chips supplied by Broadcom for its metaverse hardware development. These chips are expected to significantly contribute to Broadcom's revenue for fiscal year 2022.
• In March 2021, Ebang International Holdings Inc., a blockchain technology company, announced the completion of a 6 nm ASIC chip designed for Bitcoin mining machines. This chip is expected to offer better performance in the market. The company plans to start mass production of the chip when market conditions are favorable.