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Electronic Design Automation Market to Reach $32.75 Billion by 2032: Growth Drivers and Trends

The electronic design automation market is experiencing rapid transformation driven by semiconductor complexity and AI integration. With projected growth to $32.75 billion by 2032, EDA tools are becoming essential for next-generation chip design and verification across multiple industries.

The electronic design automation market is undergoing a significant transformation, driven by accelerating semiconductor innovation and the integration of artificial intelligence into design workflows. This critical sector, which provides the tools and platforms essential for designing and verifying complex electronic systems, is projected to grow from USD 14.66 billion in 2023 to USD 32.75 billion by 2032, representing a compound annual growth rate of 9.35% during the forecast period.

Market Overview and Growth Projections

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SoftBank’s Graphcore Announces $1 Billion India Investment, Opens AI Engineering Campus

Graphcore, the SoftBank-owned chip designer, has committed to investing $1 billion in India over the next decade while opening a new AI engineering campus in Bengaluru. The expansion will create 500 semiconductor jobs and strengthen India’s position in global AI development.

SoftBank Group-owned semiconductor company Graphcore has announced a massive $1 billion investment commitment in India alongside the opening of a new AI engineering campus in Bengaluru. The decade-long investment strategy represents one of the largest foreign direct investments in India’s semiconductor sector and signals SoftBank’s growing confidence in the country’s technological capabilities.

Graphcore’s Major India Expansion Strategy