Taipei-based, government-backed research institute MIC (Market Intelligence& Consulting Institute) hosts a three-day forum from May 7-9 at Taipei, Taiwan, with 24 topical sessions to share our latest findings in the development trends and opportunities of AI, 5G, and DX (Digital Transformation) from both industry and research perspectives. “Despite the decrease in the price of memory ICs which has led to the first significant slowdown in the global semiconductor market this year since 2012, the semiconductor market value is estimated to still manage to reach USD 458.5 billion in 2019, down merely 2.2% compared to last year,” Chris Hung, Deputy General Director at MIC, told the audience at the forum.
Global Semiconductor Market Value, 2015-2021
Unit: USD Billion
Source: MIC, May 2019
"Our findings also suggest AI revenue for consumer applications will increase from US$1.8 billion in 2019 to US$4.15 billion in 2022, among which the application of natural language processing technology for AI is of great importance with over 60% contribution to AI revenue in the consumer sector,” said Jane Yeh, senior industry analyst at MIC. “This implies that AI has been successfully implemented into consumer applications, including home appliances, smart home devices, and communications devices. Thus, businesses which have hardware manufacturing capabilities are advised to cut into key component supply chains of AI consumer devices to facilitate the adoption of key components in the high-end product segment.”
To see more about this report, please visit: The Taiwanese Fabless IC Industry, 1Q 2019, Taiwanese IC Packaging & Testing Industry, 1Q 2019, Taiwanese Semiconductor Manufacturing Industry, 1Q 2019, Development of Worldwide Brain-Computer Interface Systems and Main Players
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Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry.