Over the years, the global chip technology market has seen many movements and shifts within the industry. With the rapid adoption of semiconductors and sensors, we are expecting more disruptions in this area. Emerging technologies such as 5G, Computer Vision, Nanotechnology, IOT, and Supercomputing have opened new avenues for chip technology players.
According to GlobalData, China is expected to become the global leader in the chip market, zooming past its closest rival, the US. The very foundation of this market lies in the way Chinese chipmakers are slowly shifting away from their dependence on the US.
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In the modern context of the global chip industry, China could become at least 70 percent self-reliant in semiconductor production by 2030. The country earmarked a sum of $1.4 trillion toward the development of chip-making technologies for advanced engineering projects. These include R&D support for the semiconductors, AI, robotics, 5G, 6G, cloud, supercomputing, and quantum computing over the next five years.
Of all countries that are involved as leaders in chip-making technology, China has the highest volume of patents. Out of 2440 IoT-specific applications in 2020, China registered the highest number of patents with 1683 applications (69%). The scene is clearly in favor of the Chinese economy that has a solid foundation in the semiconductor business, and already serves more than 75% of the global market. With AI coming to the front, we could also see a race between the US and China to take leadership position in AI-IoT (AIOT) integrations.
George states, “The country (China) is expected to emerge as a key player in chip technology over the next two to three years. The IoT market, morphing into the AIoT market (where AI is integrated with the IoT), will be huge in China in terms of the number of devices that will carry embedded chips. Meanwhile, the arrival of Swiss-based RISC-V architecture – an open-source chip blueprint technology – opens up vast opportunities for Chinese semiconductor companies to play a leading role in the IoT ecosystem.”
Source GlobalData
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