Semiconductor Industry
Semiconductor industry is the sector that designs, develops, and manufactures semiconductor devices, which are the building blocks of modern electronics. These devices include transistors, diodes, integrated circuits, and microprocessors. The semiconductor industry is a critical component of the global economy, as semiconductors are used in a wide range of applications, including computers, smartphones, automobiles, medical equipment, and aerospace technology. The industry is characterized by rapid technological advancements, high capital investments, and intense competition. The semiconductor industry is also a key player in the space and astronautical engineering field, as semiconductors are used in spacecraft and satellites for communication, navigation, and data processing.
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News Source: USA Today on 2025-06-12
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