Patents are used extensively in the semiconductor industry. Digital consumer products like smartphones, computers, mobile phones, and televisions all use semiconductors. The global semiconductor industry's revenues for 2019 was $419.15 billion and it is forecast to increase to $831.5 billion by 2024. Currently, Intel holds a 16.2% market share, and it owns over 40,000 patents in the semiconductor space.
Two acquisitions that can potentially have major impact on the global semiconductor industry, including Asia, are that of the NVIDIA-ARM sale and the AMD’s purchase of Xilinx.

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