Increasing Focus of Companies on Development and Innovation in Semiconductor IP
9 Oct 2020
In the past few years, the semiconductor and EDA industries have been through several changes. And, perhaps, in this Intellectual property (IP) has significantly contributed as well. Semiconductor intellectual property (IP) or IP cores are basically the reusable unit of logic or functionality that is generally developed with the idea of certifying to multiple dealers for use as structuring blocks in different chip designs.
It is used to develop advanced integrated circuits (IC’s). These design components are traded as verification units and therefore called intellectual property. Furthermore, these IP cores are combined to produce system on chip (SoC), application-specific integrated circuits (ASICs), and application-specific standard products (ASSPs).
Attributed to the applications and utilization of IP core, the industry has witnessed increased demand. Also, the market players have highly contributed to the development and innovations in IP cores. However, the increasing competition has led the companies to adopt numerous strategies such as collaborations, new product launches, and business expansions.
The industry players are also investing in research and developments for a better understanding of the applications and advancements. Moreover, owing to all these factors the market is witnessing a number of activities. The following are some of the recent happenings in the market.
The companies are undergoing certain strategic changes in order to reinforce the focus on growth and profitability. Recently, a semiconductor and software design company ARM has announced to adopt strategic organizational changes. The company is initiating to extend its focus on the core semiconductor IP businesses and transferring its IoT Platform, IoT Services Group (ISG) businesses, and Treasure Data, to new units retained and functioned by SoftBank Group Corp. and its associates.
The new product launch is another trend which is highly getting adopted by the market players. The companies are ensuring the availability of services in order to meet the demand of their customers. Moreover, following the trend, an electronic design automation company, ChipsEstimate has lately unveiled its new portal ChipsEstimate.com for easy access to semiconductor IP and related services including technical articles, latest semiconductor IP, white papers, blog posts, industry news, and ChipEstimate.TV videos.
The advent of the semiconductor industry has led to the existence of the semiconductor IP industry. And, therefore, the advancements and innovations in the industry have been paralleled as well. No denial, the industry has been through numerous challenges including fluctuations in the development and functionality of the chips. However, the development has paved the way for more advancements and growth in the industry. According to a report published by Allied Market Research, the global semiconductor IP marketis projected to garner $5.70 billion by 2024.
The factors such as the surge in demand of the modern system on chip (SoC) design and minimization of manufacturing and design cost are majorly driving the growth of the market. Nevertheless, aspects such as increasing demand for consumer electronics and new technological developments and researches, are anticipated to hold a number of opportunities for the market players in the coming years.
Chief editor of review team at FinancesOnline
Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.