What is the semiconductor industry?
The semiconductor industry manufactures semiconductors that are tiny electronic devices made from silicon, germanium, or gallium arsenide compounds. Semiconductors are often found in almost every electronic device including televisions, computers, cell phones, and video games etc.
Developments in the semiconductor industry right now
As 5G continues to expand, people are going to feel the impact of the 5G revolution. The 5G chipsets are designed to have faster speeds, larger capacity and reduced latency. With 5G communication technology, there would be an increase in speeds which can open new opportunities in public safety and business.
Internet of Things (IoT)
The industrial application of the Internet of Things (IoT) is set to stir the global semiconductor industry. With more and more Internet of Things to enter the market, it is going to be a big demand for semiconductor chips. IoT will also have an impact on our lives, like helping governments reduce healthcare costs and improving quality of life, to reducing carbon footprints, increasing access to education in remote underserved communities etc.
Artificial Intelligence (AI)
In recent years, AI technology has seen mass adoption and paved its way for enterprises to strategize the AI-integrated semiconductor chips. Increasing Artificial Intelligence in our daily lives will increase efficiency, lower human error rates, allow deeper data analysis etc.
The semiconductor industry is growing larger and larger due to the demand of semiconductor chips. There are also many developments in this industry and will become more and more important in the future as many technology depends on it.