The semiconductor intellectual property market was valued at approximately US$ 6.50 billion in 2022. It is anticipated to experience substantial growth over the next ten years, with a projected Compound Annual Growth Rate (CAGR) of 6.6%. This growth pattern indicates that by the end of 2033, the market is likely to reach a noteworthy valuation of nearly US$ 13.10 billion, marking a significant increase from its value of US$ 6.83 billion in 2023.
The increasing need for semiconductors, driven by their use in a wide range of consumer electronic devices, has led to a rising demand for Semiconductor Intellectual Property (IP).
As semiconductor technology continues to advance, there is a growing demand for specialized IP. The open-source hardware movement is gaining significant momentum, with initiatives like RISC-V reshaping the industry. Open-source IP offers unparalleled flexibility, customization options, and reduced licensing costs. Companies that are actively involved in open-source projects or provide support and services related to open-source IP have a tremendous opportunity to succeed in this expanding market segment.
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In April 2021, a partnership between Rambus Inc. and Lattice Semiconductor was announced. The aim behind its conceptualization is the mutual benefit of both firms from their combined technology associated with security solutions. This partnership is anticipated to aid Rambus Inc. in attracting new customers to further increase its revenue growth. In April 2021, Nvidia ampere architecture GPUs were launched by Nvidia Corporation. This new product launch is aimed at next-generation desktops, servers, and laptops to increase their efficiency and make remote work possible without hampering the quality. In January 2021, a licensing agreement was finalized between Ceva Inc. and the U.S. DARPA (Defense Advanced Research Projects Agency) for accelerating the technology innovations for DARPA programs. This partnership comes under