US semiconductor sector scores record YOY growth

Global M&A is quickly rebounding from losses that stemmed from the 2020 pandemic according to a recent Bloomberg Law report.

For the US technology market, the outlook for 2021 is optimistic as the “software industry (totaling $150.4 billion) and the semiconductor industry (totaling $112.8 billion) have resulted in the technology sector seeing a 27 percent year-over-year (YOY) increase in volume,” reports Bloomberg Law.

Global M&A Volume by Target Region
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“Notably, as the growth around chip design and development continues to dominate disruptions led by cloud computing and AI, the Semiconductors sector saw a huge volume of deals close, hitting a record-breaking 479% increase over the same period last year,” the report adds.

Read Bloomberg Law’s complete post here