AI to Drive Semiconductor Industry to Trillion-Dollar Revenue: SEMI
Taipei, Taiwan – The global semiconductor industry is poised for explosive growth, drivenby the rapid adoption of artificial intelligence (AI), according to the Semiconductor Equipment and Materials International (SEMI) association. The organization, which hosted the SEMICON Taiwan 2024 International Semiconductor Exhibition this week, predicts that AI will propel the industry’s revenue past the trillion-dollar mark.
Ajit Manocha, SEMI’s president and CEO, highlighted the transformative impact of AI across various sectors, stating that it is not only driving innovation but also fueling the growth of the semiconductor industry. Last year, the semiconductor industry generated$600 billion in revenue, and AI is expected to push that figure beyond $1 trillion, Manocha said.
The SEMICON Taiwan 2024 event, held from September 4th to 6th at the Taipei Nangang Exhibition Center, attracted over 85,000 attendees from 56 countries, showcasing the global interest in the semiconductor sector. With 3,700 exhibiting booths, the event set a new record for participation.
Taiwan, renowned for its robust semiconductor supply chain,is playing a pivotal role in the global AI revolution. The government, recognizing the industry’s strategic importance, is committed to fostering a favorable investment environment and nurturing talent.
Taiwan has a complete semiconductor industry supply chain, which is a rare advantage that other countries lack, Manocha emphasized. This has attracted globalplayers to participate in the international semiconductor exhibition.
Premier Su Tseng-chang, during his address at the event, underscored Taiwan’s commitment to supporting the semiconductor industry and its role in the global supply chain. We are committed to creating a favorable investment environment, a good production and manufacturing environment, and supporting thedevelopment of the semiconductor industry, he said.
Su further emphasized the government’s commitment to promoting AI development and its integration into various sectors. AI is changing people’s lives, he said. We need to learn more about AI applications and connect government departments with the world and citizens.
The government hasallocated significant resources to AI development, including the Hundred Billion Dream Fund, which will send talented Taiwanese individuals abroad for advanced training and foster deeper global connections.
Mary Puma, SEMI’s global board chair, highlighted the importance of collaboration between industry, government, and civil society to address talent gaps and environmental sustainability challenges.Regional cooperation is becoming increasingly important, she said. We need to deepen cross-border exchanges, promote innovation, and strengthen partnerships.
Lu Chao-chun, managing director of the Taiwan Semiconductor Industry Association and chairman and founder of GigaDevice Semiconductor, expressed optimism about the future of the semiconductor industry. The semiconductorindustry is entering a golden age of development over the next twenty years, he said. To achieve global carbon neutrality, we must work closely with global partners and fulfill our commitments to make contributions that transcend national boundaries and impact the world.
Taiwan’s Minister of Economic Affairs, Kuo Shih-hsien, echoed thegovernment’s commitment to solidifying Taiwan’s position as a global leader in the semiconductor industry. The next five years will be crucial for Taiwan’s semiconductor industry, he said. We will actively build a Taiwan semiconductor presidential strategy to continue expanding our influence and leverage Taiwan’s impact in AI technology.
The SEMICON Taiwan 2024 exhibition served as a platform to showcase the latest advancements in semiconductor technology and the growing role of AI in shaping the future of the industry. With the government’s unwavering support and the industry’s commitment to innovation, Taiwan is well-positioned to capitalize on theburgeoning AI market and solidify its position as a global semiconductor powerhouse.
Views: 0