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The semiconductor industry is experiencing strong demand and profitability, with revenue increasing by 9% in 2020 and 23% in 2021. However, semiconductor companies are facing challenges such as increased design complexity, a talent shortage, and disruptions to the global supply chain due to the pandemic. Some large technology companies and automotive OEMs are moving chip design in-house, which could have significant implications for the market. Despite these challenges, semiconductor companies have the opportunity to capture new opportunities by taking different paths.
