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Semiconductor Industry in 2019 – AI, 5G, Automotive, IoT Keeps Stronghold

Artificial Intelligence

Robust demand for memory chips and other semiconductor products, on account of rapid adoption of cloud computing, AI, Internet of Things (IoT), autonomous cars, advanced driver assisted systems (ADAS), gaming, wearables, drones and virtual reality/augmented reality (“VR/AR”) devices, is fueling massive growth in the semiconductor space. The accelerated deployment of 5G technology — the next-generation wireless revolution — is likely to spur further growth. In fact, dynamic innovation in semiconductors enables emerging technologies to become a reality. Semiconductors are setting the pace for technology modernization, in turn digitizing aspects like healthcare, transport, financial systems, defense, agriculture, and retail, among others.

Additionally, increasing level of applications in sectors such as retail illustrates the secular movement toward technology across industries. This trend is likely to reshape economies, fueled by semiconductors. On Feb 6, the Semiconductor Industry Association announced that more than a trillion chips were shipped globally in 2018, a first in the industry’s history. Sales of chips grew 13.7% to $468.8 billion worldwide in 2018 year over year. The only major impediment to the sector’s gains at this point is the US-China trade war. However, economic and corporate losses on both the sides could force a settlement in the near term. This means that any losses on this account would only be temporary in nature.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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