The semiconductor industry is one of the quickest growing technology fields in the world right now. According to recently released data from the Semiconductor Industry Association or SIA, the sales in August 2018 for the sale of semiconductors around the world reached more than $41 billion. Compared to the data compiled by the SIA in August 2017, the global sales of semiconductors went up almost 15-percent in the course of a year alone. This is a very impressive increase in any type of industry, especially where tech is involved.
Additionally, the Market Research Consultant (MRC) found that many popular semiconductor companies are already beginning to adopt IoT to grow their companies and revenue while beating out the competition.
How Semiconductor Creators Are Adopting Big Data, AI and IoT To Improve Revenue
It appears that the MRC is not the only company to figure the increase out. Another company, Accenture, is also agreeing to that fact as more and more semiconductor communities are beginning to integrate their blockchain, AI and IoT into their operations. Syed Alam is a top leader at Accenture. He works in one of the semiconductor facilities and has confirmed these revelations as being true. He said that throughout his own industry, blockchain is simplifying his business operations. The adoption of blockchain is also helping to leverage semiconductor chips and other similar technologies.
Many other semiconductor companies have started to reap the benefits of adding IoT and big data into their operations. The benefits have been in terms of scaling, creating and managing tech-based tie-ups. By adopting blockchain, big data, AI and IoT into their semiconductor operations, the companies have seen many improvements in their revenue and efficiency. They are now able to accelerate the delivery of MOSFET semiconductors and other new products to the market while lowering the costs to do so. With that said, the blockchain technologies being adopted by semiconductor companies has given them a more redefined business process.
Staying On Top Of The Semiconductor Market
Power Electronics recently released a report concerning several of the semiconductor industry’s key players positioning themselves at the top of the market. The report spoke of a variety of avenues in the industry such as autonomous vehicles, AI and cloud computing. Many of the top industries believe that mergers and acquisitions are the most effective way for a company to grow its revenue and remain leaders in the industry.
Unfortunately, the cost to develop chips has continued to increase. This has caused a lot of issues for advanced node designs specifically. More accurately, statistics are revealing that the number of multi-core, first-time Chip Systems are only slightly up over the last five years. However, the cost of designing the systems has steadily gone up.
Rick Wawrzyniak is the senior analyst of Semico Research. The company is involved in the consulting and marketing of the semiconductor industry. He has confirmed that any semiconductor design that starts beyond a certain price point will be limited because of the costs. Ironically, the number of new nodes being created will not differ significantly from previous upgrades in the geometry process of semiconductors.
New Vision Of The Future For Semiconductor Companies
Industry leaders from many of the top semiconductor companies have said a top priority in the next few years is diversifying into other areas of business. This information was followed by ideas for talent development, joint ventures and the implementation of disruptive technology. The leaders also revealed they have a priority to minimize cybersecurity to keep vulnerabilities at an all-time low. The United States, Japan, Europe, Taiwan and China are the top countries expected to drive up semiconductor revenue in the coming years. While Japan and Taiwan are expected to be higher in the list this year compared to their standings last year, Europe, China and the United States have seemed to dip in importance overall.