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The Global Semiconductor Intellectual Property (IP) market is expected to reach $8.81 billion by 2026 growing at a CAGR of 7.5% from 2019 to 2026.
A semiconductor intellectual property (IP) is defined as a unit of logic, cell, or chip layout design that can be reused by the creator party. Intellectual property in a semiconductor is normally developed with the idea of licensing to multiple vendors for using as building blocks in different chip designs.
Factors such as increasing production of mobile devices, growing adoption of connected devices, and advancement in multicore technology are driving the growth of the market. However, fluctuations in the development of the chips are restraining the growth of the market.