UMC Expects AI to Grow to $3 Billion Business
Alan Patterson, EETimes
1/24/2018 00:01 AM EST
TAIPEI — United Microelectronics Corp. (UMC) expects artificial intelligence (AI) to contribute $3 billion to company revenue by 2021 as demand for edge computing and automotive devices takes off.
AI is forecast to be one of the fastest growing markets during the next few years as more companies adopt machine learning in everything from autonomous vehicles to cryptocurrency mining. The global AI market for semiconductors is projected to grow at a compound annual rate of 63 percent between 2016 and 2022, reaching $16 billion by 2022, according to research firm MarketsandMarkets.
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |
|
Related News
- Gartner Forecasts Worldwide AI Chips Revenue to Reach $53 Billion in 2023
- Imagination and PaddlePaddle announce collaboration to grow the ecosystem for artificial intelligence (AI) for developers worldwide
- Worldwide Total Semiconductor Market to Grow 3% in 2013 to Reach $298 Billion; Consolidation Still Rife
- IDC Forecasts Worldwide Semiconductor Revenue Will Grow 6.9% and Reach $320 Billion in 2013
- Silicon foundry business to grow 414% to $36 billion by 2004, says IDC
Breaking News
- intoPIX Powers Ikegami's New IPX-100 with JPEG XS for Seamless & Low-Latency IP Production
- Tower Semiconductor and Alcyon Photonics Announce Collaboration to Accelerate Integrated Photonics Innovation
- Qualcomm initiates global anti-trust complaint about Arm
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- SiliconIntervention Announces Availability of Silicon Based Fractal-D Audio Amplifier Evaluation Board
Most Popular
- Qualcomm initiates global anti-trust complaint about Arm
- Siemens acquires Altair to create most complete AI-powered portfolio of industrial software
- Alphawave Semi Reveals Suite of Optoelectronics Silicon Products addressing Hyperscaler Datacenter and AI Interconnect Market
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- Rapidus Announces Strategic Partnership with Quest Global to Enable Advanced 2nm Solutions for the AI Chip Era