The use of semiconductors across industries has given rise to new technologies, such as wireless communications, the Internet of Things (IoT), and artificial intelligence that can better transform society (AI).
Fremont, CA: In the current technology-dominated market place, the semiconductor industry, which is the backbone of electronic devices, is at the top of the list. In healthcare, military, computing, communication, transport, and other innumerable applications, semiconductors are the source of creativity. Connected technologies are gaining more importance in the coming years, and semiconductors make this communication possible.
Here's a look at three critical areas in which semiconductors play an important role.
In the semiconductor industry, the wireless communication market is one of the fastest-growing segments. Technology powered by semiconductor technology has undergone a paradigm change from wired to wireless communication. New semiconductor materials are on the rise to reshape how communication takes place as communication grows faster and safer. Wireless communications semiconductors allow for stable and efficient communication with other wireless devices. In the production of wireless communication systems such as 5G, system-on-chip (SoC) and field-programmable gate array (FPGA) devices are increasingly used, thus establishing the significance of semiconductors across the wireless communication industry.
For applications such as asset tracking, environmental monitoring, and infrastructural monitoring of bridges and buildings, wireless sensor networks are used. Mobile Wi-Fi chips, cellular baseband processors, Bluetooth transceivers, near-field communication chips, global positioning system (GPS) receivers, and others can be segmented into the semiconductors of wireless communication. Researchers are working to advance semiconductor technology offerings to make them affordable by combining the same silicon with Wi-Fi and Bluetooth. Also, factors such as growing IoT patterns, advantages over cost, and rigidity of conventional semiconductors, and increasing adoption of portable consumer electronic devices, among others, are some of the significant drivers for semiconductors for the wireless communications industry.
Internet of Things (IoT)
From tube lights and fans to toys and cars, the IoT is going to be everywhere. It is feasible to achieve a high level of convenience, comfort, and energy efficiency with these IoT products. For a high level of rapid data exchange in these devices, a small microchip is required, and each chip has a unique design to serve its function. There is a massive demand for IoT sensors in the market with the advent of smart appliances, wearables, and smart homes. Although IoT is being used in many industries, a few industries are making tremendous progress with the application of semiconductors. When driving, automotive vehicles use sensors, and even insurance companies collect data on safe driving using sensors—these sensors power semiconductors. The integrated circuits are designed for drones primarily used in control, distribution, surveillance, mapping, and emergency (ICs).
The medical devices used in hospitals use semiconductor technology in their respective sensing devices, including blood pressure cuffs, ECG machines, communication devices, and more. In addition, the semiconductor industry has significantly gained from the growth of the IoT in the construction of cutting-edge devices such as mobiles, laptops, electric vehicles, and wearable devices. Thus, semiconductor companies benefit from the widespread use of sensors and integrated circuits. However, since chips constitute just a tiny portion of the value chain, the conventional emphasis on silicon used in the production of ICs may not be ideal for IoT. Therefore, in addition to hardware, businesses can also have comprehensive solutions, including software, security, or systems integration. This will allow semiconductor companies to obtain the full profit from IoT by moving from suppliers of components to providers of solutions.
See Also: Top IoT Solution Companies
One of the demand drivers in the semiconductor industry is Sprouting Artificial Intelligence (AI). The AI features will be built into the silicon hardware, so the next generation of AI applications will be powered by semiconductors. The semiconductor hardware for logic and memory functions depends on many AI applications, including facial recognition systems that monitor offenders, smart home devices, automated customer service, and more. AI opens the door for semiconductor companies to obtain 40 to 50 percent of the overall value technology stack. Although storage will expand at its height, these businesses derive value from computation, memory, and networking. Semiconductor firms will build a winning roadmap for AI in this respect. AI systems also have high memory requirements, and this problem can be overcome by innovations like high-bandwidth memory and on-chip memory.
Today, tech giants such as Google, Facebook, Amazon, and Microsoft are exploring various ranges of advances in chips to speed AI development. Semiconductor companies should concentrate on end-to-end solutions for particular industries, otherwise known as micro-vertical solutions, and creativity beyond developing computing, memory, and networking technology, to achieve a prominent role. In short, AI affects the semiconductor industry's growth by requiring new technologies while improving the manufacturing process. AI-specific chips will continue to impact the future generation of AI algorithms through developments in semiconductor processing technology, SoC design, and computer architecture to improve processing power.
The market for semiconductors is growing with rapid advances in wireless communication networks, IoT, and AI. The top semiconductor companies would realize the role of semiconductors in obtaining the full benefit of keeping up with the increasing industrial trends while meeting the industries' requirements that use them.