The global IoT semiconductor component market will grow at a CAGR of 19% from $33bn in 2020 to $80 bn in 2025 according to IoT analytics. IoT’s growing usage will force chipmakers to focus on typical necessities. Key customers include big data analytics, mobile communication, gaming, connected and semi-autonomous cars etc. The report added that the number of active IoT device connections grew from 3.6 bn in 2015 to 11.7 bn in 2020.

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