Fast Solutions for Fast Chips
The long-term growth prospects for the chip industry at large are very promising. It isn’t difficult to understand why that might be the case—chips are foundational technology in the global effort to create a more efficient and highly-connected world.
In 2022, chip sales generated more revenue than ever before. Despite the slowdown in the latter half of the year, demand is expected to increase significantly over the next 7-10 years. In fact, a study published by SIA and Boston Consulting Group predicts that global demand for semiconductor manufacturing capacity is expected to grow by 56% before 2030.
If you work in the industry, you’re aware of the notoriously cyclical nature of the market. Short-term decreases in demand don’t compare to long-term growth prospects. Chips are indispensable in the creation and application of emerging technologies like AI, IoT and 6G; as long as those technologies remain relevant, chips aren’t going anywhere.