The crucial role of semiconductors in this tech era is unwavering and vital despite the rapidly evolving technological landscape and the unrelenting speed of digital innovation. Over the past 25 years, the semiconductor business has transformed from a highly specialized field to a thriving, quickly expanding worldwide economy. The need for semiconductors has steadily increased.

The semiconductor industry has long been the

backbone of most contemporary technology products. Almost every sector in the modern world has grown through semiconductors. Semiconductor goods are at the heart of several emerging technologies, including 5G, AI, IoTs, and quantum computing. Semiconductors are used in these developments to provide the networking and processing capability required for operating.

Going forward, the rising use of consumer electronics worldwide further supports the semiconductor market growth. The size of the worldwide semiconductor industry was estimated to be $611.35 billion in 2023 and is expected to increase at a compound annual growth rate (CAGR) of 14.9 percent from 2024 to 2032—from $681.05 billion in 2024 to $2062.59 billion by 2032. The semiconductor industry will require over a million more skilled people by 2030 to meet demand, which will ultimately lead to more job opportunities in the sector.

In this issue, we are endeavoring to shed light on the opportunities available and the latest trends shaping the semiconductor market. We hope it will help our readers make informed decisions in their growth journey - let the world’s smallest device cause its greatest transformations. We have interviewed industry experts from various technology companies who have shared their views on anticipations of new avenues in this domain for respective industries based on their experience.