Market Share of Asia Pacific Logic IC Industry
The Asia Pacific logic integrated circuits (IC) market is witnessing increased competition due to rising demand across various end-user industries. This surge in demand has also attracted new entrants, intensifying the competition among market players. Vendors are employing diverse strategies to gain a competitive advantage, including forming partnerships, introducing new products, and engaging in mergers and acquisitions. Notable market participants include Toshiba Electronic Devices and Storage Corporation, STMicroelectronics NV, and Renesas Electronics.
In April 2023, Japan's Ministry of Industry revealed its plans to grant Rapidus, a state-backed chip manufacturer, an additional JPY 300 billion (approximately USD 3 billion) in funding. This funding aims to support the construction of a semiconductor facility on the northern island of Hokkaido, responding to Rapidus's requirement for capital to initiate mass production of advanced logic chips. These investments are expected to facilitate the company's expansion in the chip manufacturing sector.
In December 2022, IBM announced a collaboration with Rapidus, an emerging advanced logic foundry specializing in the development, design, and sales of advanced logic semiconductors. This partnership seeks to further promote the adoption of logic scaling technology in Japan. Through this collaboration, Rapidus will harness IBM's extensive expertise in semiconductor research and design.
Asia Pacific Logic IC Market Leaders
STMicroelectronics NV
Intel Corporation
Texas Instruments Incorporated
Renesas Electronics Corporation
Toshiba Electronic Devices and Storage Corporation
*Disclaimer: Major Players sorted in no particular order
