Semiconductors are also considered the Brains of Modern Electronics. With the advent of technology, led by high-speed wireless standards of the 5G Internet and evolving consumer requirements, the electronics and semiconductor industry’s growth and competition are intensifying. Moreover, coupled with technological advancement, the Internet of Things (IoT), artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) have further gained traction in the market, fueling up the industry’s growth. With the growing potential of these technologies, their application in home automation, data centers, and autonomous vehicles has increased simultaneously. Additionally, Wearable electronics, such as smartwatches, fitness bands, smart jewelry, and head-mounted displays, are also gaining wide acceptance globally.