Forecasters Foresee a $600B Chip Industry
By George Leopold, EETimes (January 21, 2022)
This just in: Semiconductors have been elevated to the status of food, power and transportation, according to a growing number of chip industry forecasts that at last deem chips to be a “essential” industry.
This publication recognized that fact at its founding 50 years ago. A half-century later, an indigenous industry that up and left for Asia beginning in the 1990s is gradually returning to its roots. Who knew it would take a pandemic to make us realize the profound miscalculation U.S. chipmakers made in ceding dominance in semiconductor manufacturing?
This year, according to market forecasters, manufacturers shifting operations back to the U.S. are scrambling to meet demand driven by growing electronic content in vehicles and the networking of things. At the high end of this year’s chip forecasts, for example, professional services firm Deloitte predicts the global chip industry will grow 10 percent this year, with sales for the first time surpassing $600 billion.
E-mail This Article | Printer-Friendly Page |
Related News
- TSMC Arizona and U.S. Department of Commerce Announce up to US$6.6 Billion in Proposed CHIPS Act Direct Funding, the Company Plans Third Leading-Edge Fab in Phoenix
- Electronic System Design Industry Posts $4.4 Billion in Revenue in Q4 2023, ESD Alliance Reports
- Hailo Closes New $120 Million Funding Round and Debuts Hailo-10, A New Powerful AI Accelerator Bringing Generative AI to Edge Devices
- Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips
- Seven Years of Uninterrupted Growth: Andes Technology Achieves Milestone Annual Revenue Exceeding NT$1 Billion
Breaking News
- Cadence Announces Most Comprehensive True Hybrid Cloud Solution to Provide Seamless Data Access and Management
- Dolphin Design expands GoAsic partnership to enhance the semiconductor Industry's Supply Chain
- Cadence Collaborates with MemVerge to Increase Resiliency and Cost-Optimization of Long-Running High-Memory EDA Jobs on AWS Spot Instances
- M31 Successfully Validates 5nm IP Solution to Empower Global AI Applications
- Cadence Unveils Palladium Z3 and Protium X3 Systems to Usher in a New Era of Accelerated Verification, Software Development and Digital Twins
Most Popular
- Rivos Raises More Than $250M Targeting Data Analytics and Generative AI Markets
- Semiconductor Capacity Is Up, But Mind the Talent Gap
- Zhuhai Chuangfeixin: OTP IP Based on 90nm CMOS Image Sensor Process Technology Successfully Mass Production
- CMC Microsystems and AIoT Canada Sign Memorandum of Understanding to support IoT and semiconductor ecosystem growth in Canada
- Microchip Technology Acquires Neuronix AI Labs