Thursday 28 Mar 2024
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KUALA LUMPUR (Jan 18): Total global semiconductor revenue is forecast to grow 7.5% in 2018 to reach US$451 billion, driven mainly by artificial intelligence and bitcoin mining.

Speaking at the Semiconductor Equipment & Materials International (SEMI) Industry Strategy Symposium (ISS) in California yesterday, Gartner's Semiconductor Manufacturing chief analyst Samuel Wang forecast a 7.5% increase in semiconductor revenue for 2018, reaching US$451 billion, with memory the largest contributor to the increase at expected growth of 30%.

He said application chips will be a driver, thanks to, not least, artificial intelligence and demand from bitcoin mining.

For semiconductor manufacturers, he recommended adopting Artificial Intelligence (AI) and IoT in their own factories.

Meanwhile, IHS Markit semiconductor manufacturing senior director Len Jelinek said the growth will be fueled largely by consumer electronics, with 70% of chips ending up in consumers’ hands.

He said significant drivers include Internet of Things (IoT).

Jelinek also sees kitchen appliances sparking significant IoT growth, eventually enabling consumers to “voice-command your whole kitchen.”

 

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