Peter Brown, Electronics 360
19 September 2014
United Microelectronics Inc. (UMC) is making a strong push to increase its automotive semiconductor participation in order to take advantage of a changing marketplace shifting to one of the largest growing chip markets.
In terms of growth rate, automotive chips are right behind digital electronics (smartphones, Internet of Things (IoT)) as one of the fastest growing market among semiconductors, according to IHS Technology, which owns Electronics 360. The compound annual growth rate (CAGR) for automotive ICs is 5.1 percent during the next five years with some segments such as infotainment and advanced driver assistance systems (ADAS) expected to growth at 18 percent and 16 percent, respectively, IHS forecasts.