Semiconductors are currently enjoying booming conditions. They are the cornerstone technology of the information age. These tiny electronic devices, usually smaller than a postage stamp, power the modern economy by acting as data-processing brains for products, from smartphones to cars and spacecraft.

Not too long ago, the design and manufacture of chips had become so expensive that very few new businesses were able to enter the market. Now, the chip market is experiencing a wave of growth thanks to fresh investments, hundreds of new market entrants, and falling development costs. With that, the industry that was struggling just a few years ago, grew by 22% last year.

Several factors are driving this growth . . .

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