How Has Edge Computing and Miniaturization Influenced Semiconductor Foundry Industry?

A semiconductor foundry refers to an industrial facility that focuses on manufacturing integrated circuits, chipsets, and transistors. Typically, the foundry system involves a business model wherein the semiconductor companies provide the design of the chipsets to the foundry, which then focuses specifically on the manufacturing part. Thus, processes such as fabrication, etching, deposition, doping, etc., are all performed in a semiconductor foundry. These facilities, hence, form an important component of the global consumer electronics supply chain.

The overall growth in demand for ICs and smart electronic devices has impacted the semiconductor foundry sector positively. Furthermore, the increasing integration of electronic gadgets in automobiles is predicted to broaden the scope of the industry. Additionally, the emergence of IoT-powered circuits has led to a surge in demand for high-quality semiconductors, thereby creating numerous growth opportunities for the sector.

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Innovative fabrication technologies reshaping the industry

To cater to the growing demands of the consumer electronics sector, leading players in the semiconductor foundry industry have invested in new fabrication technologies to speed up their manufacturing capabilities. The trend of miniaturization of semiconductor chips has been the major factor behind the emergence of innovative production techniques. In 1965, Gordon Moore, Intel's co-founder, published a research paper wherein he predicted that the number of transistors on an integrated circuit would double annually, while costs would remain minimal. Over the past few decades, Moore's Law has emerged as a key principle guiding the semiconductor foundry industry. With the advent of AI, companies are designing chips that have sub-5 nanometer nodes for improving the performance and computational power of the devices. Moreover, wireless communication technologies are being preferred as they allow manufacturers to cut down the size of ICs even more.

Another important factor influencing the use of modern fabrication technologies is the emergence of cloud computing. Since edge computing primarily involves processing huge volumes of data at super-fast speeds, semiconductor foundries are focusing on developing edge AI accelerators and specialized sensors to address these demands. Moreover, the rising emphasis on specialty HPC chipsets to support real-time automotive analytics has also transformed the sector.

As per a report published by Allied Market Research, the semiconductor foundry market is expected to gather a revenue of $231.5 billion by 2032, citing a CAGR of 8.1% during 2023-2032. The shift from traditional silicon wafers to silicon carbide (SiC) and gallium nitride (GaN) transistors has contributed to the rise of the landscape. These compounds offer numerous advantages including faster switching, better voltage resistance, lower form factor, and higher operating temperatures. Furthermore, these are much more cost effective than traditional semiconductors. The use of nanotechnology and heterogenous 3D designing techniques to manufacture high-tech ICs with novel architectures has also played an important role in the growth of the industry.

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Multinational companies providing new investment opportunities

Over the years, several semiconductor companies have invested heavily in developing their own foundries and manufacturing facilities to bring down production costs. For instance, in February 2024, Intel, a multinational CPU corporation, announced the launch of the world's first systems foundry designed to help the company align its operations The foundry will specifically focus on the company's 14A process technology and Advanced System Assembly and Test (ASAT) systems to help clients build AI-enabled chipsets. Along with this, the industry has also received governmental support in various countries such as India. The Government of India, in February 2024, released a press statement approving the establishment of three semiconductor foundry and designing units.

In conclusion, the growth in demand for advanced chipsets, ICs, and transistors from various end-use industries has expanded the scope of the semiconductor foundry industry. Moreover, the advent of edge computing and the transition toward miniaturization of electronics has opened new avenues for growth of the sector.

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