Despite the global supply chain disruptions, semiconductor sales are expected to reach more than USD 476 billion in 2022. The recovery from the pandemic, together with the growing usage of AI, IoT, and 5G technologies, bodes well for semiconductor companies.
Fremont, CA: The COVID-19 pandemic has had a major impact on every business vertical on the planet. However, the rebound of the semiconductor industry even after the effects of the pandemic is a positive indicator. Despite the global supply chain disruptions, semiconductor sales are expected to reach more than USD 476 billion in 2022. The recovery from the pandemic, together with the growing usage of AI, IoT, and 5G technologies, bodes well for semiconductor companies. Moreover, hardware is the driving force behind Industry 4.0. As a result, the semiconductor industry has become a key component of digital transformation.
Like any other business, the semiconductor industry also leverages AI for its advancement. AI-driven technologies such as voice and facial recognition, computer vision, and Natural Language Processing (NLP) require high processing speeds and specialized components.