With the accelerating global digital transformation trends and the emergence of 5G, there has been a substantial increase in dependence on semiconductor solutions across industries such as automotive, consumer electronics, aerospace and defence and healthcare. Digital technologies such as Artificial Intelligence (AI), Internet of Things (IoT), automation, Cloud computing, etc., are enabling various use cases across Autonomous Vehicles, Smart Warehouses, Vision Picking etc., in turn driving the demand for high-performance chipsets.
To meet the increasing demand, semiconductor manufacturers are directing significant investments towards R&D in areas such as logic and memory chips, smartphone chips, automotive chips, integrated chips etc., to build more advanced displays, sensors, and embedded electronics. Several end-customers of semiconductor companies are also building silicon capabilities in-house to ensure greater control over the customised chip design requirements and supply chain.
With the existing semiconductor players increasing capacity and non-traditional enterprises ramping up capabilities, silicon technology is on the cusp of a rapid technological breakthrough