How Has the Semiconductor Industry Evolved with the Emergence of AI and IoT Technologies?

The semiconductor manufacturing sector has evolved significantly in the last few years. At the same time, the increasing penetration of Internet services and the rising pace of digitalization have led to a surge in demand for smart, IoT-enabled devices which has created new investment avenues in the industry.

However, on the other hand, the supply chain disruptions caused by the COVID-19 pandemic and geopolitical tensions have reduced the growth rate of the industry. Even the leading multinational semiconductor manufacturers have witnessed shortcomings in their production cycles, thereby hampering the expansion of the sector.

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Artificial Intelligence and IoT helping the revival of the industry

Allied Market Research recently published a report on the semiconductor market. The study highlights that the industry, which accounted for $555.9 billion in 2021, is projected to gather a revenue of $1,033.5 billion by 2031, rising at a CAGR of 6.21% during 2022-2031. The rising adoption of AI, IoT, and 5G technologies by leading semiconductor companies to revive their businesses in the post-pandemic period is anticipated to strengthen the foothold of the landscape in the coming period.

The development of flexible multifunctional chips with advanced sensors and transistors is one major trend witnessed in the industry. The increased applicability of smart devices in residential and commercial spaces as well as industrial facilities has led to companies designing gadgets such as smart watches, thermostats, and intelligent lighting systems that have high-quality data acquisition capabilities. At the same time, the transition toward wireless communication has surged the demand for Wi-Fi-enabled devices and cellular radio chips that are capable of transmitting and receiving signals over large distances. Considering the evolution in the sector and changes in consumer preferences, semiconductor manufacturers are focusing on improving the power efficiency of different components.

Furthermore, enterprises are integrating AI in semiconductor chips to increase their energy efficiency and improve their data processing capabilities. The concept of neural networks has expanded the scope of the industry substantially. To address the demands of multinational technology giants, manufacturers are investing in R&D activities to design transistors that can run ML algorithms and deep learning workloads. Additionally, many consumer electronics startups are shifting toward the development of millimeter wave chipsets and low-latency devices to support the proliferation of edge computing and 5G technologies.

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Increasing investments in R&D activities to design high-tech products

In the past few years, several multinational giants have launched high-tech products to expand their footprint in the sector. In July 2024, Falcomm, a fabless semiconductor company, unveiled its power amplifier, FCM1401. In its press release, the company stated that the product is its most energy-efficient power amplifier yet and runs on a Dual-Drive™ architecture developed specifically for Ku-band satellite communications.

Moreover, companies such as NVIDIA, Intel, and AMD have been engaged in a competitive tussle to While Nvidia launched its Blackwell GPU series, AMD responded in October 2024 by unveiling its Instinct MI325X chipset which offers 40% higher interface power compared to traditional devices. Along with this, industry startups such as Gauss Labs have built AI-enabled solutions that have high computational speeds required to perform different industrial processes in various end-use sectors. These transistors also feature predictive analysis techniques to improve manufacturing accuracy and reduce downtime.

Summing up, the increasing integration of IoT and 5G in semiconductors is anticipated to augment the growth rate of the sector in the coming period. The gradual shift toward AI-enabled chipsets is expected to help the industry flourish shortly.

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