Despite the supply chain issues caused by U.S.-China tensions, the semiconductor industry continues to grow considerably to meet the rising demand for chips to advance emerging technologies, such as artificial intelligence (AI), autonomous driving, the internet of things, and 5G.
The industry’s expansion is also expected to be driven by the growing need for faster and more advanced memory chips in industrial applications. Overall, the demand for semiconductors is rising rapidly across all industry verticals due to increased industrial automation, consumer electronics improvements, and the extensive usage of sensors in cars.
