Application Specific Integrated Circuit (ASIC) Market Size, Share, Trend, Forecast, Growth & Industry Analysis (2023-2028)

The Global Application Specific Integrated Circuit (ASIC) Market was estimated to grow from USD 16.01 Billion in 2022 to USD 21.94 Billion by 2028 at a healthy CAGR of 5.39% during the forecast period of 2023-2028.
Application-specific integrated circuit (ASIC) is an integrated circuit (IC) chip customized for a particular range of uses, rather than intended for general-purpose use. Application-specific integrated circuits (ASICs) tailored for AI and ML applications, including tasks like neural network inference and training, deliver superior processing capabilities and enhanced energy efficiency when contrasted with general-purpose processors.

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