Global chip demand expected to grow 11.2% to record $697 bil. in 2025

The global chip market is projected to grow 11.2 percent to a record $697.18 billion in 2025, boosted by robust demand for semiconductors for use in artificial intelligence-powered smartphones and data centers, according to an industry organization forecast.The forecast was revised up from a June estimate of $687.38 billion, the World Semiconductor Trade Statistics, an organization formed by major chipmakers, said.The increasing use of AI technology across countries and industries has sparked a demand surge for chips, as tech companies globally rush to secure enough supply for data centers …READ FULL ARTICLE