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Application Specific Integrated Circuits (ASICs) Market to Reach USD 30.99 Billion by 2032, Growing at a CAGR of 6.43% | Credence Research Inc.

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PUNE, India, Jan. 21, 2025 /PRNewswire/ — Market Size Overview of Application Specific Integrated Circuits (ASICs)

The market for Application Specific Integrated Circuits (ASICs) is experiencing significant growth. Valued at USD 17,581.25 million in 2023, it is anticipated to reach USD 30,988.25 million by 2032. This growth reflects a compound annual growth rate (CAGR) of 6.43% from 2024 to 2032. ASICs continue to gain traction across diverse applications due to their efficiency, customization, and performance benefits, positioning the market for sustained expansion over the forecast period.

Market Drivers of Application Specific Integrated Circuits (ASICs)

The market for Application Specific Integrated Circuits (ASICs) is propelled by several influential drivers, primarily rooted in technological evolution and growing industry-specific demand. The customization and optimization capabilities of ASICs allow for high performance and efficiency, making them essential in applications requiring precision and speed.

Technological Advancements

Breakthroughs in semiconductor technology have significantly enhanced ASIC design and functionality. These developments enable reduced power consumption, higher processing speeds, and miniaturization, making ASICs ideal for compact electronic devices and advanced industrial equipment. For example, emerging nodes like 5 nm and 3 nm facilitate greater density and performance, supporting demanding applications like artificial intelligence (AI) and 5G networks. The transition to these advanced nodes has been driven by the need for improved power efficiency and performance, with 5 nm nodes offering up to 15% speed improvement and 30% power reduction compared to their predecessors.

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Growing Demand in Industry Applications

ASICs are pivotal in the rapid evolution of AI and machine learning. Their ability to perform specific tasks with high efficiency makes them indispensable in training AI models and real-time data processing. The global AI market, which heavily relies on ASICs, is projected to grow from $189.72 billion in 2023 to $1689.3 billion by 2032, reflecting a CAGR of 27.5%. Similarly, the automotive sector relies on ASICs for advanced driver-assistance systems (ADAS), autonomous driving, and electronic control units. The global adoption of electric vehicles (EVs) further underscores this trend, as ASICs play a crucial role in battery management and powertrain control systems. 

IoT and 5G Expansion

With the Internet of Things (IoT) growing at an unprecedented speed, ASICs ensure seamless connectivity and device functionality. The number of IoT devices worldwide is forecast to almost double from 15.9 billion in 2023 to more than 32.1 billion by 2030. Combined with the rollout of 5G, ASICs support ultra-reliable and low-latency communications, strengthening their market presence across telecommunications and consumer electronics. The 5G chipset market, which includes ASICs, is projected to grow from $39.03 billion in 2023 to $457.5 billion by 2032, exhibiting a CAGR of 35.9%.

Growth Opportunities in the Application Specific Integrated Circuits (ASICs) Market

The ASICs market presents substantial growth opportunities, particularly through innovations in AI, IoT, and 5G technologies. These technologies demand ASICs for their high efficiency and specialization. Businesses can leverage these opportunities by focusing on creating chips tailored for AI applications, such as neural network acceleration or real-time data analysis. The expansion of IoT devices requires low-power, high-performance ASICs for seamless connectivity across smart homes, industries, and wearables. Additionally, the global adoption of 5G networks invites investments in ASICs that optimize network infrastructure and mobile devices. Companies positioned to align their products with these trends will gain a competitive edge.

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Application Specific Integrated Circuits (ASICs) Market Segmentation 

Type of ASIC:Full Custom ASICsSemi-Custom ASICs (Standard Cell ASICs)Programmable ASICs (FPGA-based ASICs)Application:TelecommunicationsConsumer ElectronicsAutomotiveIndustrial AutomationMedical ElectronicsAerospace and DefenseData Centers and Cloud ComputingIoT (Internet of Things)Blockchain and CryptocurrencyAI (Artificial Intelligence) and Machine LearningBy RegionNorth AmericaUSCanadaMexicoEuropeGermanyFranceUK.ItalySpainRest of EuropeAsia PacificChinaJapanIndiaSouth KoreaSouth-east AsiaRest of Asia PacificLatin AmericaBrazilArgentinaRest of Latin AmericaMiddle East & AfricaGCC CountriesSouth AfricaRest of Middle East and Africa

Regional Analysis of the Application Specific Integrated Circuits (ASICs) Market

North America

North America holds a significant share of the ASICs market, driven by the robust presence of key semiconductor manufacturers and tech giants. High investments in R&D for AI, machine learning, and autonomous driving technologies propel demand. For instance, the U.S. government has implemented various initiatives to support AI and autonomous driving research. Additionally, the growing adoption of electric vehicles (EVs) and advancements in 5G infrastructure amplify the need for customized ASIC solutions in this region. The U.S. has nearly 50,000 EV charging stations, and significant investments are being made in 5G infrastructure.

Europe

Europe’s ASICs market growth is fueled by innovations in the automotive and industrial sectors. The strong focus on electric and autonomous vehicles drives ASIC deployment in ADAS and battery management systems. The European automotive industry, which employs over 14 million people and contributes about 7% to the region’s GDP, is a major driver of this demand. Industries aiming to modernize production processes with industrial automation also leverage ASICs for high precision and optimized performance. Europe is home to leading companies in analog, mixed-signal, and high-voltage ASIC design.

Asia-Pacific

Asia-Pacific dominates the ASICs market, attributable to its massive consumer electronics and semiconductor manufacturing hubs, particularly in China, South Korea, and Taiwan. China alone produces over 70% of the world’s smartphones. The region’s leadership in 5G deployment and the rapid expansion of IoT devices create substantial opportunities. Asia-Pacific countries are expected to add almost $130 billion to their economies through 5G by 2030. Growing EV adoption in countries like China and India further accelerates ASIC demand, particularly for energy-efficient designs. China is a global leader in EV production and adoption.

Other Regions

Regions such as Latin America, the Middle East, and Africa exhibit steady growth potential, driven by increasing telecommunications infrastructure and IoT adoption. The development of smart cities and digitization initiatives also open doors for ASIC manufacturers to tap into emerging markets.

Each region’s unique focus areas and demand drivers collectively shape the global ASICs market, fostering growth and innovation.

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Top Companies –

Broadcom Inc.STMicroelectronicsFaraday Technology CorporationComport DataFUJITSUInfineon Technologies AGIntel CorporationASIX ElectronicsOmniVision Technologies, Inc.Semiconductor Components Industries, LLCSeiko Epson CorporationDWIN TechnologySocionext America Inc.Tekmos Inc.Others

Latest Developments:

October 2024: OpenAI, an artificial intelligence company, partnered with Broadcom Inc., a provider of application-specific integrated circuits (ASICs), to develop an AI chip aimed at improving the efficiency of AI model inference.July 2024: STMicroelectronics launched the world’s largest cinema image sensor, specifically designed for large-scale cinema applications, underscoring its advancements in sensor technology and innovation in the imaging market.February 2024: Broadcom Inc. reported record revenue of USD 13,072 million for Q3 2024, a 47% year-over-year increase, driven by robust demand for AI-related products and innovations in 5G and networking.July 2023: Faraday Technology Corporation launched its SerDes total solution, featuring SerDes IP design on UMC 28nm and the corresponding IP Advanced (IPA) service. This solution is designed to accelerate customer integration.September 2023: Intel announced plans to create an ASIC accelerator to minimize performance overhead in Fully Homomorphic Encryption (FHE). The company also revealed its intention to release a beta version of an encrypted computing software toolkit for developers.September 2023: Infineon Technologies AG launched a new line of OptiMOS power MOSFETs to enhance efficiency and performance in power management applications.August 2022: Broadcom Inc. introduced the StrataXGS Tomahawk 5 switch series, offering 51.2 terabits per second of Ethernet ASIC switching capacity in a single, monolithic device.April 2022: Intel unveiled the Intel Blockscale ASIC, a result of extensive R&D. This ASIC provides efficient hashing for proof-of-work consensus networks.July 2022: Faraday Technology Corporation introduced its FPGA-Go-ASIC prototyping platform, enabling customers to accelerate circuit creation and verification processes, enhancing its ASIC design services.February 2022: MIT researchers developed an ASIC chip designed to defend IoT devices against power-based side-channel attacks. The chip employs threshold computing, splitting data into random components for secure processing.March 2021: Intel and the U.S. Defense Advanced Research Projects Agency (DARPA) initiated a three-year collaboration under the SAHARA project (Structured Array Hardware for Automatically Realized Applications) to advance domestically produced structured ASIC platforms with cutting-edge security countermeasures.February 2021: Renesas Electronics Corporation acquired Dialog Semiconductor Plc, a provider of power management, charging, AC/DC power conversion, and ASICs, in a deal valued at approximately USD 5 billion.June 2021: Taiwan-based IC design houses expressed optimism for increased shipments in Q3 2021 due to the rollout of 5G-enabled smartphones by Chinese brands. They anticipated over 10% sequential growth in order volumes, driven by higher quotes for 5G chips compared to 4G applications.

Reasons to Purchase this Report:

Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion).Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region.Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years.Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning.Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions.Benefit from Porter’s Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics.Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.

Preview the report with a detailed sample and understand how it can benefit your business strategy. Request a free sample today –   https://www.credenceresearch.com/report/application-specific-integrated-circuits-asics-market

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Caladium Systems Launches Happiffie, India’s First AI-powered Celebration Platform

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July 24, 2026

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CHENNAI, India, July 24, 2026 /PRNewswire/ — Caladium Systems today announced the launch of Happiffie, India’s first AI-powered Celebration Growth Platform, introducing a smarter way for customers to discover, compare, book, and manage celebrations while helping businesses connect with high-intent customers through intelligent technology.

Designed for weddings, birthdays, corporate events, social celebrations, parties, festivals, and more, Happiffie brings together over 400 celebration occasions and 1,000+ celebration experiences on a single AI-powered platform.

India’s celebrations industry continues to rely heavily on referrals, manual coordination, inconsistent pricing, and fragmented vendor discovery. Happiffie addresses these challenges by combining AI-powered recommendations, transparent price discovery, secure bookings, payments, and event management into one seamless platform.

A key innovation is Happiffie’s Reverse Auction, where customers simply submit their celebration requirements and verified vendors compete by offering customised proposals. Instead of spending hours searching and negotiating, customers can compare multiple qualified offers and choose the vendor that best matches their preferences and budget.

“Customers can now book the experience of their choice with the vendor of their choice, in the budget of their choice. At the same time, vendors receive qualified business opportunities matched to their category, location and capabilities, creating value for both sides of the marketplace,” said Pradhyumna T Venkat, Founder & CEO, Happiffie.

“Every major industry eventually reaches a point where technology fundamentally changes how it operates. Travel did. Hospitality did. Mobility did. We believe celebrations are next,” added Pradhyumna.

The platform is powered by Experience Intelligence™, a proprietary framework that combines over 15 years of celebration industry expertise with Artificial Intelligence to deliver smarter recommendations based on customer intent, preferences, and celebration needs.

Whether planning a wedding, birthday, corporate event, baby shower, anniversary, or festival celebration, customers can manage the entire journey—from vendor discovery and quotations to payments and execution—through a single platform.

Alongside its launch, Happiffie has opened registrations for vendor partners across Chennai and Tamil Nadu, with a phased expansion planned across India. The platform aims to build one of the country’s largest AI-powered celebration ecosystems, helping businesses generate qualified leads and grow more efficiently.

“Our vision is not simply to build another marketplace but to create the technology infrastructure that powers celebrations. Reverse Auction is the first step towards building a smarter, more transparent, and AI-driven celebration economy that benefits both customers and businesses alike,” added Pradhyumna.

Built on the experience of planning and executing over 5,000 weddings and celebrations, Happiffie combines deep industry expertise with AI to simplify celebration planning and transform how India celebrates.

For more information, visit www.happiffie.com. Vendor registrations are now open at www.happiffie.com/vendor-registration.

About Happiffie

Happiffie is India’s first AI-powered Celebration Platform, connecting customers, venues, event professionals, and celebration businesses through one intelligent ecosystem. Built on over 15 years of industry expertise, the platform combines Artificial Intelligence with Experience Intelligence™ to deliver smarter celebration planning across more than 1,000 celebration experiences spanning weddings, corporate events, birthdays, social celebrations, parties, and festivals.

Contact

Pradhyumna T Venkat
Founder & CEO
pradhyumna@happiffie.com
+91-7299002990

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Beko Publishes 2025 Integrated Report, Charting Years of Progress Toward Net Zero

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July 24, 2026

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As Beko releases its 2025 Integrated Report, the company’s third consecutive inclusion on TIME’s global sustainability ranking — retaining the #1 position in its industry — underscores the progress documented within it.

ISTANBUL, July 24, 2026 /PRNewswire/ — Beko published its 2025 Integrated Report, offering a comprehensive account of the company’s financial, environmental and social performance over the past year. In parallel, Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the third year running, retaining the #1 position in its industry. The recognition, awarded in partnership with Statista, independently corroborates years of deliberate, measurable progress.

The report documents concrete results across Beko’s global manufacturing footprint. In 2025:

Energy efficiency projects across production sites saved 69,562 GJ of energy, avoiding 5,297 tonnes of CO₂e emissions.Waste recycling across all manufacturing facilities reached 98.6%, against a target of 99%.Renewable energy installed capacity reached 96 MWp, up from 90.2 MWp the prior year. Beko also reached 63.5% green electricity on the path to 100% across all manufacturing by 2030.Water efficiency and rainwater harvesting projects across locations delivered total water savings of 219,114 m3.

Behind these figures is a broader manufacturing transformation. Three of Beko’s manufacturing facilities have been recognised within the World Economic Forum’s Global Lighthouse Network, with the Ulmi plant earning the additional, and rarer, designation of Sustainability Lighthouse. The principles behind Ulmi’s approach are being extended across Beko’s broader manufacturing ecosystem, as the company scales low-impact production. Beko currently operates 13 smart factories globally — equipped with artificial intelligence, machine learning and robotics capabilities — with a target of 17 by the end of 2026.

On the circular economy side, Beko’s refurbishment centres across multiple locations reintroduced more than 148,000 appliances into the market in 2025 alone. The company recycled 1.98 million WEEE units through its own recycling facilities since 2014, and used 31,665 tonnes of recycled plastics in its products in 2025.

Across its product portfolio, 72.6% of Beko’s turnover in 2025 came from low-carbon products — a figure that reflects both the scale of the company’s energy-efficient product range and growing consumer demand for appliances that address environmental concerns.

“Being recognised by TIME three years in a row matters because it reflects that sustainability is a foundational part of Beko’s business,” said Can Dinçer, CEO of Beko. “Our factories undergo a twin transformation where we encounter both decarbonization and digitalization. That progress is deliberate and measurable, and our Integrated Report sets out exactly how. As the world prepares for COP31, the most credible thing a company can do is demonstrate its work rather than declare it. That is what we are doing.”

TIME’s annual list evaluates more than 5,000 companies worldwide across environmental and social performance, transparency and ESG reporting. Beko’s continued inclusion under increasingly rigorous standards points to a business model where sustainability is structurally embedded across operations, supply chains and product portfolios.

In addition to its Integrated Report, the Company has also published its second TSRS-compliant sustainability report, prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS), Türkiye’s adoption of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). The report is publicly available and provides detailed disclosures on the company’s climate-related risks, opportunities, governance, strategy and performance.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’ 

www.bekocorporate.com

*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.

 

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SOURCE Beko

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JustMarkets Releases Market Analysis on How Foreign Exchange Markets React to CPI Surprises

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July 24, 2026

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HO CHI MINH CITY, Vietnam, July 24, 2026 /PRNewswire/ — JustMarkets today released a new market analysis examining how foreign exchange markets react to Consumer Price Index (CPI) surprises and outlining key considerations for traders preparing for inflation data releases. The analysis explains why the gap between actual CPI data and market expectations, rather than the headline inflation figure itself, is often the primary driver of currency market movements.

What people often miss on CPI day is that the number itself isn’t what moves the market. The common reaction is to check whether the headline number is high or low, but it’s all priced in advance. According to JustMarkets, the real driver of EUR/USD is the gap between the actual number and what the market was positioned for.

Even an unchanged reading can cause dollar weakness if traders expect higher inflation, while weaker numbers that beat consensus expectations may drive dollar strength. Citing Federal Reserve research, the price driver is a surprise component rather than the headline.

Why the Expectation Gap Is More Important Than the Level

Forex is driven by expectations for interest rate decisions, with inflation impacting central bank policy. Key factors influencing this reaction include:

Main factors:

Monthly CPI and core CPICore services inflationRevisions to the previous period dataCentral banks policy pricing

Year-over-year data is less important in terms of price impact than monthly and core data.

How to Calculate Surprise

Start with the simplest metric: Surprise = Actual CPI − Consensus CPI. 

Consensus comes from the economic calendar’s forecast and reflects the market positioning. And then you need to check the market reaction through rates. The sequence typically runs: CPI surprise → change in front-end yields → USD movement → the sentiment adjustment.

Traders frequently employ this methodology in combination with the JustMarkets Economic Calendar to track high-impact releases in real time.

What the Intraday Move Actually Looks Like

CPI reactions usually happen in three stages. The first one is a headline shock with the potential algorithm’s reaction within a few seconds. Then comes the interpretation stage, with a time frame of 15-60 minutes and analysis of core numbers and yield confirmation. And then either continuation or reversal happens.

Approaches to Trading CPI Day

There are two common approaches to CPI.

The momentum approach requires the consistency of headlines and core surprises with yields’ confirmation. Most traders wait until the first minute’s candle is closed to avoid false signals.The fade approach requires dislocations like the absence of yield confirmation to FX movement or dislocations between headlines and core numbers. In this case, traders wait 10−20 minutes for exhaustion of the initial move and reversal setup search.

Risk management is crucial. Most traders limit their position size to 0.25%-0.50% of their equity because of widening spreads and slippage. Sometimes the decision to trade off is more optimal during extreme volatility than forced entry.

One Way to Prepare for the Next CPI Day Release

A simple way to get ready is to monitor EUR/USD, GBP/USD, USD/JPY pairs and an economic calendar with events’ importance. The workflow is simple: Economic calendar → release → Trading platform.

The final step brings traders to the execution platform. Many turn to JustMarkets, which offers CFDs on these currency pairs, with execution stability and fast market access that make it well suited for high-volatility macro events.

Disclaimer: For informational purposes only. Trading financial instruments involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and trade responsibly.

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SOURCE Just Global Markets Ltd

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