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Semiconductor Lead Frame Market to Reach USD 5.10 Billion by 2030

Semiconductor Lead Frame Market

Semiconductor Lead Frame Market

✦ Semiconductor Lead Frame Market Projected to Reach USD 5.10 Billion by 2030, Driven by Electronics and Automotive Demand

The global Semiconductor Lead Frame market, valued at USD 3.58 billion in 2023, is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 5.2%, reaching nearly USD 5.10 billion by 2030. This growth is propelled by the escalating demand for electronic devices, miniaturization of components, and advancements in automotive electronics.

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✦ Semiconductor Lead Frame Market Growth Opportunities in Vietnam

Vietnam is emerging as a significant player in the semiconductor industry, attracting investments from major companies. In November 2023, Amkor Technology announced plans to expand its manufacturing footprint in Vietnam to support customer needs for advanced packaging solutions. ​

✦ Consolidation Trends in Thailand

Thailand is witnessing consolidation in the semiconductor sector, with companies like Acter expanding their operations. Acter's Southeast Asian business surged by 50% in 2023, highlighting Thailand's growing importance in the electronics assembly and semiconductor packaging industries. ​

Innovation Growth in Japan

Japan continues to invest in semiconductor innovation. Japan Advanced Semiconductor Manufacturing (JASM), a joint venture between TSMC, Sony, Denso, and Toyota, is constructing a $23 billion semiconductor factory in Kumamoto. The facility aims to produce semiconductors for image sensors and automotive applications, enhancing Japan's semiconductor capabilities. ​

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Digital Advancements in South Korea

South Korea is making significant investments to bolster its semiconductor industry. The government announced plans to invest approximately $470 billion over the next 23 years to build the world's largest semiconductor cluster near Seoul. This initiative aims to increase the self-sufficiency ratio of essential materials, parts, and equipment for chip production to 50% by 2030. ​

Market Updation in Singapore

Singapore is positioning itself as a strategic hub for semiconductor operations. Topco Scientific, a supplier to major chipmakers, is using Singapore as a base to expand and serve markets in Malaysia, Thailand, and Vietnam. This expansion reflects Singapore's growing role in the semiconductor supply chain. ​

Growth Trends in the United States

The United States is experiencing growth in the semiconductor lead frame market through strategic acquisitions. In December 2023, Concentric, a US-based provider of industrial power solutions, acquired Jantech, a manufacturer of semiconductor lead frames. This acquisition enhances Concentric's capabilities to serve mission-critical sectors, including data centers and hospitals. ​

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Strategic Developments in Europe

Europe is witnessing strategic developments in the semiconductor sector. Topco Scientific has selected Prague as its first European base to tap into the growing demand for onshore semiconductor production. This move aims to strengthen Europe's semiconductor supply chain and reduce dependency on external sources. ​

Want market insights? Read the summary of the research report for essential data: https://www.maximizemarketresearch.com/market-report/semiconductor-lead-frame-market/237536/

✦ Semiconductor Lead Frame Market Segmentation:

by Type

Stamping Process Lead Frame
Etching Process Lead Frame
Others

by Application

Integrated Circuits (IC)
Discrete Device
Others

✦ Semiconductor Lead Frame Market Key Players for Asia Pacific

1. Toppan Inc.- Japan
2. SHINKO ELECTRIC INDUSTRIES CO. LTD.- Japan
3. Mitsui High-tec Inc.- Japan
4. QPL Electronics Factory- China
5. Ningbo Kangqiang Electronics Co. LTD.- China
6. Chang Wah Technology Co. Ltd- Taiwan
7. Haesungds- South Korea
8. Wuxi Huajing Leadframe Co. Ltd- China
9. Dynacraft Industries Sdn Bhd- Malaysia
10. ASM Pacific Technology- Hong Kong

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✦ About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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