Press release
Rising Demand for Faster Processing to Drive Asia-Pacific (APAC) Memory Packaging Market having Major Players: Apple, Dell EMC, Qualcomm, IBM, Intel Corporation & Cisco
The market generated a revenue of $13,564.5 million in 2017, and it is expected to advance at a 5.5% CAGR during the forecast period (2018–2023).
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A shift toward the 3D through-silicon via (TSV) packaging technology from dynamic random-access memory (DRAM) is being observed in the APAC memory packaging market.
Because of the disadvantages of DRAM technology, such as the use of volatile memory, complex manufacturing process, slow operational speed, and multiple rebooting of the system, consumers are switching to the 3D TSV technology.
The growth in the APAC memory packaging market is being observed because of numerous factors, one of these being the surging demand for smartphones. Due to their advanced features and sleek appearance, smartphones are increasingly being bought.
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Based on the platform, the APAC memory packaging market categories are TSV, wire-bond, wafer-level chip-scale packaging (WLCSP), flip-chip, and lead-frame platforms.
Hence, the market for memory packaging in the APAC region is slated to advance during the forecast period as the adoption of the process would increase to meet with the demand for faster processing units.
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