Robust growth for chip industry

Vital role: A robot conducting a guided tour for tourists at the Palazzo Madama museum in Turin. With AI and 5G dominating new technological advancements, it is no surprise that the semiconductor industry itself is a strong enabler of all industries. — AFP

AT the recent Semicon South-East Asia 2022 held in Penang, various papers and projections were made on the semiconductor sector as experts weigh in on the expectations of the industry.

The year 2022 is expected to be a robust year for the industry as consensus estimates that the semiconductor sector is expected to grow by 12.5% this year to US$625bil or RM2.76 trillion from US$555bil (RM2.46 trillion) in 2021, flatly beating the latest gross domestic product (GDP) growth forecast of just 2.9% by the World Bank and 3.6% by the International Monetary Fund.