Semiconductors are a crucial element in modern electronics, making up an important component of many commonly used electronic devices including smartphones, tablets, and PCs: essentially all modern devices that many of us have become so highly dependent on in everyday life. As one might expect due to their central importance, the semiconductor industry is an extensive and competitive industry. In 2020, global sales are forecast to exceeded 433 billion U.S. dollars, with the semiconductor industry predicted to grow by 5.9 percent compared to the previous year. However, such is the importance, a severe decline in global semiconductor industry revenues as result of the coronavirus (COVID-19) outbreak would also bring about serious implications for the wider technology industry, with disruption to supply chains, the economy, and technology demand.
Some of the biggest names within the semiconductor industry include: Intel, Samsung Electronics, SK Hynix, and Micron Technology. Over previous years, U.S. company Intel has consistently held the greatest share of the global semiconductor market. With respect to revenue, the company generated a total of more than 65 billion U.S. dollars through sales of semiconductors in 2019 alone. In addition to generating significant profits through the sale of smartphones and other products, Samsung also generated a sizeable chunk of their revenue from semiconductor sales, claiming the second largest share within the global market.
The next development in the semiconductor industry are chips that support artificial intelligence (AI) technologies. These “AI chips” are forecast to generate global revenues of 10.14 billion U.S. dollars in 2020, with experts predicting that revenues are set to grow to 83 billion U.S. dollars by 2027. AI technologies and tasks require specialized AI chips that are more powerful, more efficient, and optimized for advanced machine learning (ML) algorithms. Major vendors are involved in the development of AI chips, including traditional players like Intel and Samsung, in addition to a number of AI chip startups who have emerged in recent years as they look to disrupt the market, receiving major funding to support their activities.
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In the following 5 chapters, you will quickly find the 49 most important statistics relating to "Semiconductors".