The global automotive semiconductor industry is projected to reach $153 billion by 2032, with a 10% annual growth rate. Despite initial COVID-19 challenges, the market proves resilient, driven by rebounding automotive demand and rapid semiconductor adoption. The shift to electric vehicles and the rise of Advanced Driver Assistance Systems (ADAS) contribute to the industry's growth. The Asia-Pacific region plays a crucial role. By 2028, automotive semiconductors are expected to reach 100 billion units, with a market value of $84.3 billion. Supply chain resilience is crucial. Electrification, ADAS, and advanced computing are driving semiconductor innovation. Vehicle manufacturers face the need for clear semiconductor strategies and supply chain management complexity. Chinese contract manufacturers may account for 33% of the market. Read More

In the digital age, the emergence of the fourth-generation semiconductor, spearheaded by gallium oxide, faces challenges due to export restrictions and technical obstacles. China's stringent controls on semiconductor raw materials, gallium and germanium, along with the U.S. ban on gallium oxide exports, underscore the critical nature of these materials in semiconductor innovation.
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