What are semiconductors?

On the basis of electricity flow, Substances are of three types - Conductors, Nonconductors and Semiconductors. Semiconductor elements play an important role in the industries like - medical equipment, vacuum cleaners, automobiles & smartphones. Generally, Semiconductors play an important role in maintaining & manufacturing electronic devices and circuits.

The mostly used semiconductor materials are Silicon, Germanium & Gallium Arsenide. Amongst all of these, Germanium was the most used semiconductor material. Today, the most used semiconductor material is Silicon in the manufacturing industries. It is because of the only reason that the extraction, purification and crystallization process of this substance is economic.

What kind of features make semiconductors suitable for businesses?

The following features make semiconductors suitable for businesses -

Faster power conversions in electric grids
High critical energy field
Abundant & Inexpensive
Non-toxic in nature
Worldwide availability

Industries which use semiconductor supplements the most -

The following industries uses the semiconductors mostly -

Artificial intelligence
Automobiles
Electronic supplements
Health care
Military Services

What is the current condition of the semiconductor market?

According to a semiconductor market report offered by IEEE, the United States used to lead all of the market of semiconductors production. In the last 30-40 years, the US has lost all of its market share from 37% to 12%. Now, China is leading in the market of manufacturing semiconductor products.

In the beginning of 2021, the semiconductor industry of the US has announced the investment of $80 billion till 2025. The sole purpose is to increase the US market share and manufacturing leadership and improve the supply chain of semiconductor products in the worldwide market.

As the demand for the electricity-driven & autonomous vehicles will be increased in the next coming years, the supply of more semiconductor products will be needed more. The effect of COVID-19 has also affected this market supply-chain conditions worldwide.

Other Helpful Links -

https://irds.ieee.org/topics/semiconductor-materials
https://www.whitehouse.gov/briefing-room/statements-releases/2022/0...