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Digital IC market is expected to hit USD 387.82 bn by 2023

IT Market Research

The Global Digital IC Market had been valued at USD 230.84 billion in the year 2016, which is expected to reach USD 387.82 billion by the end of the forecast period growing at ~7.64% CAGR.

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The integrated circuit is an electronic circuit array that is formed by fabrication of different electrical and electronic components like resistors, capacitors, transistors and others on a semiconductor wafer that performs operations equivalent to a large discrete electronic circuit. The integrate circuit that operates only at a few defined levels of signal amplitude are the digital ICs.

These digital ICs are designed by using multiple number of digital logic gates, multiplexers, flip flops and other electronic components of circuits.