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Aluminum Gallium Indium Phosphide Semiconductor Market Size Forecast to Reach $584.8 Million by 2026
July 24, 2021 GMT
The Rapid Growth of the Electrical and Electronics Industry Has Increased the Demand for Aluminum Gallium Indium Phosphide Semiconductors; Thereby, Fueling the Market Growth.
Aluminum Gallium Indium Phosphide Semiconductor Market size is forecast to reach US$584.8 million by 2026, after growing at a CAGR of 2.5% during 2021-2026, owing to the increasing usage of aluminum gallium indium phosphide semiconductor in various end-use industries such as electrical & electronics, aerospace, and solar energy for applications such as light emitting diodes, optoelectronic devices, photovoltaics. Due to its large bandgap, the aluminum gallium indium phosphide (AlGaInP) semiconductor offers a forum for the production of photo optics applications. The rapid growth of the electrical a
Prime Minister Narendra Modi on Saturday launched a Rs 1,000 crore startup seed fund at ‘Prarambh: Startup India International Summit.’ This fund would help to launch and grow new-age ventures. PM Modi said this fund is one of the initiatives that the country has started so that startups don’t face any capital crunch. Startups are already being helped to raise equity capital through the Fund of Funds scheme. Further, the government will also help startups raise debt capital through guarantees. “India is trying to create a startup ecosystem which is based on the mantra of the youth, by the youth, for the youth , said Modi. “For the next five years, we have a mission that our startups, unicorns emerge as global giants and lead in futuristic technologies.”
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