(1)
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.
Share this article
Share this article
ResearchAndMarkets.com s offering.
Digitalization and automation have together led to the transformation of businesses across the globe. This has created a demand for devices and products that perform powerful computation processes with efficiency and accuracy and, at the same time, can communicate with one another. The demand for multicore technology across various sectors has further enhanced the growth of the semiconductor industry. This growth has paved the way for the demand for semiconductor IPs in various verticals and applications. Several advancements in the fabrication technology and design process of semiconductor chipsets have led to the evolution of the semiconductor design IP to support applications ranging from data centers and Advanced Driver Assistance System (ADAS) in automobiles to application processor in smartphones and service robots.
Article content
BEIJING/SHANGHAI China’s blue-chip index ended higher on Wednesday as optimism over the continued recovery in the world’s second-largest economy lifted consumer stocks, offsetting weakness in the tech sector. At the close, the Shanghai Composite index ended flat at 3,366.98, while its blue-chip CSI300 index was up 0.18%. The consumer staples sector rose 1.08%, while the healthcare sub-index firmed 0.84%. The start-up board ChiNext Composite index was higher by 0.065%, and Shanghai’s tech-focused STAR50 index was down 1.32%, dragged by heaviweight Semiconductor Manufacturing International Corp . Shanghai-listed shares of SMIC slumped as much as 9.8% before they closed down 5.5% after the company said its board was aware of Mong-Song Liang’s intention to resign from the CEO position. The smaller Shenzhen index ended down 0.35%. Broadly on the economic recovery front, analysts say activity and spending data released on Tuesday suggest that
China’s Top Chipmaker Slides After Co-CEO Abruptly Quits
Bloomberg 12/16/2020 Bloomberg News
(Bloomberg) Semiconductor Manufacturing International Corp. shares fell after news emerged about the surprise resignation of a top executive who spearheaded the rapid technological ascent of China’s largest chipmaker.
Popular Searches
SMIC is trying to reach co-Chief Executive Officer Liang Mong Song after online media circulated a resignation letter they said originated with the industry veteran. Liang quit after SMIC appointed a vice chairman without consulting him, according to the reports. The company is attempting to clarify his intentions, it said in an exchange filing without elaborating. Liang couldn’t immediately be reached for comment.
The firms include China Railway Construction Corp, China Spacesat Co., China Communications Construction Co., CRRC Corp., Hangzhou Hikvision Digital Technology Co., Dawning Information Industry Co. and Semiconductor Manufacturing International Corp, according to a statement late Tuesday. The deletions will take effect at the Jan. 5 close. MSCI will publish its final list at the end of December to reflect any changes to Chinese firms sanctioned by the U.S.
MSCI’s decision follows similar moves by FTSE Russell and S&P Dow Jones this month. While the companies have minimal weightings on benchmarks, the rapid removals show how effective such orders are in reducing Chinese firms’ access to global capital.