1. The automotive chip market is expected to reach $153 billion by 2032

In 2022, the global Automotive Semiconductor industry is valued at 59.9 billion USD and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2032, reaching 153, 11 billion USD. 

According to the development of the global automotive semiconductor industry, types of automotive semiconductors such as microcontrollers, sensors, analog and mixed-signal ICs, power management ICs, and memory devices are becoming increasingly popular. become important to the supply chain. These semiconductors are designed to meet high reliability and durability standards, taking into account the harsh environmental factors in the automotive sector, and are used in various vehicle systems. such as: powertrain system, infotainment system and safety system. 

In the future, as the demand for electric vehicles (EVs) increases, technological advances will also be more widely used and developed, such as: Advanced driver assistance systems (ADAS), communication system (V2X) allows electric vehicles to move optimally without the driver’s participation. This industry is expected to grow in popularity and use thanks to the development of the Internet of Things (IoT) and Artificial Intelligence (AI).

Learn more: Automotive Chip Market to Reach $153B by 2032

2. Nvidia plans to build a chip factory network in Japan for AI needs

NVIDIA CEO recently said the company will cooperate with Japanese companies to establish a network of semiconductor factories in Japan to meet the demand for artificial intelligence GPUs. 

According to previous reports, the Japanese government is trying to attract investment to produce advanced semiconductors, which are important for future technologies. In early November this year, Japan invested nearly 2 trillion yen ($13.3 billion) in the supplementary budget to improve domestic semiconductor manufacturing capabilities. Of which, about 760 billion yen will be used as a fund to support mass chip production. 

With the support of the Japanese government and the high technical expertise of the human resources here, NVIDIA is confident that it will help Japan promote semiconductor chip production.

Learn more: Nvidia is promising to help Japan get the AI chips it needs for a network of new datacenters

3. The AI chip market size is expected to reach 45 billion USD by 2027

AMD CEO recently stated that the AI processor market is expected to reach approximately $45 billion by 2023, higher than forecast in June this year. 

The development of artificial intelligence has been trusted by many experts and is expected to explode in the near future. Especially when the world witnesses the success of Chat GPT and a series of image processing and smart graphics software applying artificial intelligence. In cars, the automatic driving mode – Auto pilot from Tesla is also developed and operated successfully by Chinese automakers. With a series of projects being developed from major technology companies around the world in the field of data processing and image processing, AMD executives believe that AMD’s AI chip supply next year will very significant, far exceeding the value of 2 billion USD. It is expected that the demand for AI chips will increase rapidly in the future and the market size will reach approximately 400 billion USD by 2027. 

Learn more: AI chip market size is expected to reach US$45 billion in 2027