Chips are hot!
Global chip market worth USD$500 billion and expected to grow to USD$1.43 Trillion within 10 years.
https://www.theaustralian.com.au/business/the-wall-street-journal/for-chip-industry-global-supply-crunch-pushes-next-target-to-us1-trillion/news-story/d63edf3dc90c4d86d5a1c6797bd38fa9 (Pay Walled)
“It took 50 years to become a half-a-trillion-dollar industry. It’ll take just eight to 10 years to reach a trillion dollars,” said Tom Caulfield, chief executive of GlobalFoundries, one of the world’s largest contract-chip makers, in an interview.
Much of the sales growth will be driven by pricier, high-end chips, powering technologies like machine learning and high-performance computing, said Peter Hanbury, a partner at Bain & Co specialising in semiconductors.
The semiconductor industry’s revenue is projected to log $US692.5bn in sales by 2025, and up to $US1 trillion by 2030 in the best-case demand scenario, said Andrew Norwood, research vice president at Gartner. That would top the size of the global fast-food industry today.
Just saying.
2022 BRN Discussion, page-5894
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