Semiconductor Industry News
Global semiconductor market for military and aerospace industries to grow $3.02 billion from 2024-2028 at CAGR of 5.56%
Technavio’s latest report predicts the global semiconductor market in military and aerospace industry size to grow by 3.02 billion from 2024-2028, at a CAGR of 5.56%. A major market trend contributing to growth is the expanding use of Unmanned Aerial Vehicles, or...
Gartner Inc. predicts worldwide IT spending to increase by 7.5% in 2024
Gartner Inc.’s latest research report forecasts global IT spending to increase by 7.5% in 2024, totaling $5.26 trillion. As Generative AI makes its way into all technological segments and subsegments, some software companies see GenAI as more of a tax than a gain....
US Government’s CHIPS Act investment to bolster semiconductor industry
The US government’s CHIPS Act investment is predicted to significantly bolster the semiconductor industry. The White House Office of Science and Technology Policy (OSTP) has published a document outlining four goals for federal agencies and departments to focus on...
SEMI World Fab Forecast report
In its most recent quarterly World Fab Forecast report, SEMI has announced its expectation for global semiconductor capacity to increase 6.4% in 2024, reaching 30 million wafers per month (wpm) for the first time. This forecasted growth will be driven by capacity...
AI chips for edge applications to reach $22B by 2034
ID Tech Ex’s most recent market research report ‘AI chips for edge applications 2024-2034' predicts significant growth in the AI chips market for edge devices. Considering the three largest industry verticals, consumer electronics, industrial, and automotive, ID Tech...
Global semiconductor equipment market predicted growth for 2023
Research & Markets has released a report forecasting the global semiconductor equipment market to reach $126.4 billion in 2023. The report breaks down the projected growth within the forecasted period by segment, supply chain and dimensions. China is the world’s...
Power electronics market worth projected to reach $61 billion by 2028
Markets and Markets has released a report predicting power electronics market worth to reach $61 billion by 2028. This significant growth is projected due to analysis of several contributing factors with a clear understanding that power electronics play a vital role...
SEMI Projects All-Time High for Global 300mm Capacity by 2026
According a recently published report from SEMI, 300mm fab capacity is expected to slow in 2023 and then grow to record levels by 2026. Per the report, " Semiconductor manufacturers worldwide are forecast to increase 300mm fab capacity to an all-time high of 9.6...
Silicon Carbide (SiC) Devices Are Transforming Power Modules Across Multiple Industries
Silicon carbide (SiC) devices have several advantages over traditional silicon-based devices, including higher efficiency, higher temperature operation, and higher voltage capabilities. (SiC) MOSFETs enable higher switching frequencies and reduce the size of...
How Will the Rise of AI Impact the Semiconductor Industry?
The adoption of artificial intelligence (AI) is expected to have a significant impact on the semiconductor industry. AI requires massive computing power and specialized hardware to handle the complex computations needed for tasks such as deep learning and natural...