Semiconductor IP Market, By Application (Automotive, Consumer Electronics, Networking, Industrial Au

Soham26 Nov, 2021Technology

The Semiconductor IP Market growth is estimated to reach 14% in the forecast year 2027. Semiconductor intellectual property is a reusable component of a cell. It is usually developed as a foundation unit for chip layout and design. There are plenty of applications of the semiconductor IP. Memory drives, processors, peripherals and interconnects are some of the areas that need SIP. Most of the IT has patented over the design of a chip. Today, many companies are also using chip less semiconductors as their patent design. Further, the usage of semiconductor IP in the consumer electronics sector is driving the demand for the market.