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The semiconductor industry is the aggregate collection of companies engaged in the design and fabrication of semiconductor devices. It formed around 1960, once the fabrication of semiconductors became a viable business. It has since grown to be the $249 billion dollar industry it is today.
Industry structure 
The global semiconductor industry is dominated by USA, South Korea, Japan, Taiwan, Singapore, and European Union. The U.S. industry faces challenges to development by some forms of government regulation. The U.S. government regulates exports and certain uses of some types of semiconductors due to their potential dual use in military applications.
Based on KPMG report it was a $304 billion market in 2010.
Source : iSuppli Corporation supplied rankings for 2010 (Semiconductor foundries are excluded)
This industry features a number of distinct characteristics that position it uniquely in the economy and in the global competitive arena. These include:
- The role of the industry as technology enabler. The semiconductor industry is widely recognized as a key driver for economic growth in its role as a multiple lever and technology enabler for the whole electronics value chain. In other words, from a worldwide base semiconductor market of $213 billion in 2004, the industry enables the generation of some $1,200 billion in electronic systems business and $5,000 billion in services, representing close to 10% of world GDP.
- Continuous growth but in a cyclical pattern with high volatility. While the current 20 year annual average growth of the semiconductor industry is on the order of 13%, this has been accompanied by equally above-average market volatility, which can lead to significant if not dramatic cyclical swings.
- The need for high degrees of flexibility and innovation in order to constantly adjust to the rapid pace of change in the market. Many products embedding semiconductor devices often have a very short life cycle. At the same time, the rate of constant price-performance improvement in the semiconductor industry is staggering. As a consequence, changes in the semiconductor market not only occur extremely rapidly but also anticipate changes in industries evolving at a slower pace. Yet another consequence of this rapid pace is that established market strongholds can be displaced very quickly.
See also 
- ^ Semiconductor Industry Association Factsheet
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Moreover, Intel's total usage of water, a resource of which the semiconductor industry is notoriously wasteful because of the need to rinse silicon wafers of decontaminants, has increased every year since 2008. Of its water usage, the company observes ...
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While investments and capital spending in Asia-Pacific garner much of the attention regarding semiconductor manufacturing, spending on equipment and materials in North America has totaled more than $100 billion over the past decade as leading device ...
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The Lifetime Achievement Award is presented to Yeo for his pioneering and significant contributions to Singapore's economic development, especially in the promotion and growth of the semiconductor industry. During his tenure as Chairman of the EDB, Yeo ...
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Fri, 26 Apr 2013 16:01:36 -0700
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