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With growing digitization and increasing demand for automation, the Internet of Things technology has garnered significant traction in recent years. IoT provides an ecosystem for several digital devices to be connected with the Internet. To improve connectivity in such an ecosystem, various devices use thin semiconductor chips and wafers, often created in semiconductor foundries. As a result, the surging demand for semiconductor driven devices from various segments such as retail, medical, automotive, and electronic industries will accelerate the semiconductor foundry market demand in the upcoming years. In addition, Technavio has further analyzed that the increasing growth of AR and VR will also drive the demand for semiconductor foundry during the forecast period.
Apple Inc (NASDAQ: AAPL) is working with its supplier Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) on a chip for an autonomous vehicle, Apple Insider
Apple, TSM Working on Driver-less Car - MarketWatch marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.