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The 2019 global semiconductor market was valued at $385.4 billion after experiencing a 15% decline due to a 32% drop in the memory IC market, which is expected to recover in 2021 [1]. The FPGA portion of the semiconductor market is valued at about $5 billion [2]. The FPGA semiconductor market is expected to reach a value of $7.5 billion by 2030, growing at a compounded annual growth rate (CAGR) of 4.4% during this forecast period. The growth in this market is being driven by new and expanding end-user applications related to data center computing, networking, and storage, as well as communication.
Historically, FPGAs have offered two primary advantages over ASICs. First, due to their low NRE [3], FPGAs are generally more cost effective
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