ELECTRONIC NEWS HIGHLIGHT W38.2024

1. SoC chip market to exceed $200 billion by 2029, with RISC-V and automotive sectors leading the growth

According to MarketsandMarkets, the System on Chip SoC market size is expected to grow from 138.46 billion in 2024 to 205.97 billion in 2029, at a compound annual growth rate (CAGR) of 8.3% during the forecast period .

The report highlights that the growth of the SoC market is mainly driven by the growing trend of SoCs in the automotive industry, IoT applications and connected devices, which require SoCs for real-time processing. real. Furthermore, the growth of AI is expected to stimulate demand for SoCs. The SoC market in the automotive sector is expected to grow at the highest CAGR during the forecast period.

SoC integration into automotive applications enhances performance, reduces power consumption and enables compact designs, making it essential for many vehicle systems. Electric vehicles, in particular, rely heavily on complex electronics to manage the battery, control the powertrain, and optimize energy efficiency, all of which require advanced SoC chips.

Countries like China, South Korea, Japan and India are considered manufacturing hubs for the latest smartphones, tablets and other consumer electronics products that require modern SoCs to deliver. High performance, energy efficiency and integrated functionality.

Learn more: SoC chip market to exceed $200 billion by 2029, with RISC-V and automotive sectors leading the growth

2. Powerchip and Tata build India’s first 12-inch wafer factory

Powerchip has announced a partnership with Tata Electronics to set up India’s first 12-inch wafer fab in Dholera, Gujarat. The final cooperation agreement was signed in a ceremony attended by Powerchip CEO Martin Chu and Tata Electronics CEO Randhir Thakur, along with Powerchip Chairman Frank Huang.

The total investment for the wafer fab is $11 billion, with an expected monthly capacity of 50,000 wafers supporting technology nodes from 28 to 110 nanometers. The facility marks a major milestone in India, addressing the country’s shortage of commercial wafer manufacturing plants.

The new wafer fab will produce a variety of chips, including power management chips, panel control chips, microcontrollers and high-speed computational logic chips. The products meet growing demand in markets such as AI, automotive, computing, storage and wireless communications. Not only does it meet domestic market needs, but it also opens doors for India in the global semiconductor landscape.

Powerchip and Tata Electronics’ partnership will transfer training development process technologies to Indian employees, improving skill levels and local employment opportunities. The Indian government estimates that the project will create more than 20,000 high-tech jobs in the region. With this 12-inch wafer fab, India will establish its own manufacturing capacity in key areas such as automotive chips, wireless communications and artificial intelligence, reducing dependence on imports.

Learn more: Powerchip and Tata build India’s first 12-inch wafer factory

3. UK allocates 11.5 million pounds to boost semiconductor industry

The British government has announced a grant of 11.5 million pounds to help 16 semiconductor companies expand their scale of operations and contribute to economic growth. The funding, announced by Science Minister Patrick Vallance, is administered through Innovate UK.

Innovate UK, which channels £8 billion of taxpayers’ money every year into research and innovation, is providing this £11.5 million as part of the government’s wider investment in technology. The funding is aimed at expanding domestic semiconductor manufacturing and enhancing supply chain resilience.

The UK semiconductor industry is currently valued at £10 billion, with growth forecast to £17 billion by 2030. The funding is expected to give the sector a further boost.