Chips Ahoy!
The Internet of Things promises major advancements in productivity and convenience. To enable that future, the world will require increased production from one industry in particular: semiconductors.
- The semiconductor industry produced 1.1 trillion chips for a $590 billion worldwide market last
- year. That market is set to grow to $940 billion by 2030, according to estimates from ASML, a
- maker of sophisticated semiconductor equipment.
- The data estimates the three fastest growing areas of semiconductors based on compound
- annual growth rates (CAGR) include:
- 1. Autos , which are increasingly becoming digital and turning into computers on wheels
- 2. Data Centers , which help run applications in the cloud and
- 3. Industrial demand for artificial intelligence on big data and sensors.
- We believe that the projected growth in this market makes the group of companies that produce
- the equipment that churns out the chips very attractive. These are the companies that provide
- chipmakers with hardware, software, and services necessary to keep the industry moving forward
- and ultimately enable the Internet of Things.
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