AI Chip To Showcase Rapid Growth

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  • AI processors is going to become the biggest part of the semiconductor industry
  • Synopsys is projecting to exceed $100 billion by 2030

The demand for Generative artificial intelligence (AI) applications has earned huge popularity in the last few years. A number of companies make AI-oriented processors, and NVIDIA is one of them. The company makes high-performance GPUs and has recently announced that its A100 and H100 GPUs have already sold out for quarters.

As part of their Q3 earnings report, Synopsys also shared that it booked over half a billion dollars in AI-related revenue last year.

The demand of generative AI applications is attracting huge growth, going from $30 billion in 2023 to an impressive $150 billion by 2027, according to the head of Foxconn. The market for AI processors is poised to expand at a similar pace, and Synopsys is projecting it to exceed $100 billion by 2030.

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“Use cases for AI are proliferating rapidly, as are the number of companies designing AI chips,” said de Geus. “Novel architectures are multiplying, stimulated by vertical markets, all wanting solutions optimised for their specific application. Third parties estimate that today’s $20 billion to $30 billion market for AI chips will exceed $100 billion by 2030.”

The huge demand of AI processors is going to become the biggest part of the semiconductor industry.

The sale of AI chips may account for 10% of the semiconductor market several years later. Furthermore, it will be a major driver for the semiconductor market growth as it will enable new types of applications, such as self-driving vehicles.

“In this new era of ‘smart everything,’ these chips in turn drive growth in surrounding semiconductors for storage, connectivity, sensing, AtoD and DtoA converter, and power management,” said the head of Synopsys. “Growth predictions for the entire semi-market to pass $1 trillion by 2030 are thus quite credible.”

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Nitisha Dubey
Nitisha Dubey
Nitisha Dubey is a journalist at EFY. She focuses on startups and innovations with a deep interest in new technologies and business models.

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