THELOGICALINDIAN - Industries absorption on the Bitcoins blockchain technology the Internet of Things IoT and bogus intelligence AI are fueling the semiconductor industry to the accomplished anytime account sales However the USChina barter war is now instigating abhorrence and animation in the semiconductor industry
Semiconductor Industry Becoming the Fastest-Growing Industry in the Tech Sector
Data aggregate by World Semiconductor Trade Statistics (WSTS) shows that all-around sales of semiconductors were $40.1 billion in August 2018, apery an access of 14.9 percent compared with the August 2017 absolute of $34.9 billion. As a result, the Semiconductor Industry Association (SIA) letters that common sales in August 2018 were 1.7 percent college than the July 2018 absolute of $39.49 billion.
According to an Accenture report, companies amalgam the alarming admiral of AI and Blockchain technologies are the best bullish apparatus in the sector.
Syed Alam, a Managing Director in Accenture Strategy who leads Accenture’s Semiconductor practice, reflects his optimism back he says, “Throughout the industry’s circuitous accumulation chain, blockchain simplifies business operations leveraging semiconductor chips and accompanying technologies.” He adds:
Most Semiconductor Companies Will Soon Start Using Blockchain
Stratistics MRC abstracts shows that abounding semiconductor companies are alpha to embrace IoT to drive new acquirement and advance models. These companies accommodate Squire Mining Ltd., Taiwan Semiconductor Manufacturing Company Limited, Applied Materials, Inc., Qorvo, Inc., and Entegris, Inc., according to the SIA press release.
Indeed, Accenture forecasts that a aerial allotment of companies in the semiconductor industry expects to accommodate blockchain technology into their operations aural three years, as apparent in the blueprint below.
However, the semiconductor industry fears that President Donald Trump’s administering ability absolute exports of semiconductors and dent accomplishment accessories to China. The US government has already imposed abundant tariffs on Chinese goods, bidding China to respond in kind.
The US-China barter war is already affecting semiconductor companies, such as Nvidia, which articles GPUs and semiconductors for cryptocurrency mining. According to CNBC, “President Donald Trump’s 10 percent assessment on Chinese appurtenances affects cartoon cards accumulated in the Asian country, according to two industry sources accustomed with the matter.”
At the time of writing, abhorrence and animation are causing the Philadelphia Semiconductor Index to attempt added than 3.7 percent.
How do you anticipate the advance of the semiconductor industry will affect the development of Bitcoin’s blockchain technology? Let us apperceive your comments in the animadversion area below!
Images address of Accenture, Shutterstock, World Semiconductor Trade Statistics.
