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https://unauthorised investment advice/tech/the-semiconductor-market-could-explode-to-us1-trillion-by-2030/

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Weebit Nano (ASX:WBT) CEO Coby Hanoch seconds that demand is set to grow.

“It’s a huge market, just think for a second about all the surveillance cameras you see popping up everywhere, just think about the number of videos that my wife takes of the kids – that’s all building this industry,” he said.

“People are now on TikTok and Instagram and the amount of data that we’re generating every second is mind-boggling – and the demand for memory is growing insanely fast.”

This growth isn’t just anecdotal – it’s backed by the facts.

Data for May from the World Semiconductor Trade Statistics (WSTS) organisation showed global semiconductor industry sales of $43.6 billion. That’s an increase of 26.2% over the May 2020 total of $34.6 billion and 4.1% more than the April 2021 total of $41.9 billion.

For 2022, the WSTS predicts the market will grow to by 8.8 per cent to US$ 573 billion, driven by a double-digit growth of the memory category.

Semiconductors can’t function without memory

The vast amounts of information that are being stored on computers, laptops, tablets, and smartphones today, primarily use flash memory technology, and the company is developing a Resistive Random-Access-Memory (ReRAM) module – a new kind of memory technology that’s much faster and requires less power to operate than traditional flash memory.

This is vital in the semiconductor industry where volatile and non-volatile memory (NVM) technologies play critical roles in data processing and information storage in nearly every electronic product.

“It’s become now the largest segment in the semiconductor space – and semiconductors are growing very, very fast,” Hanoch said.

“The whole world has undergone such an amazing transformation – everything you touch, you everything you do has semiconductors in it whether it’s your washing machine, your microwave oven, your refrigerator, or even your clothing.

“Semiconductors are everywhere you look, and semiconductors cannot function without memory, you have to have memory everywhere.”

Hanoch said what sets the company’s ReRam module apart from other memory tech is its longer battery life and higher endurance.

“The best example I can give is, a few months ago, Tesla had to recall 160,000 cars and it wasn’t because the engine didn’t work or the braking system didn’t work, it was because of non-volatile memory didn’t function – it wore out.

“Our memory is much more resilient and with our memory, they wouldn’t have had that problem.”