Siemens expects the global chip market to recover on the back of mega trends such as autonomous driving and AI.
The chip industry was going through a fourth downturn and in the past the market has always grown substantially after such a downturn, Joseph Sawicki is Executive Vice President, Integrated Circuits, Electronic Design Automation for Siemens Digital Industries Software, said in an interview TheElec in Seoul.
A quick recovery of the market is expected during the second half of the year on the back of mega trends such as autonomous driving and AI, Sawicki said.
Siemens’ Electronic Design Automation business unit offers basic and verification tools as well as total solutions for semiconductor design. It currently offers desgi and system optimization programs for leading chipmakers.
The commercialization of ChatGPT and other advanced applications are becoming responsible for bigger portions of the chip industry, the EVP noted.
These applications will lead the recovery of the memory chip market, which his the only sector of the chip market that contracted last year.
Semiconductors are accounting for 25% of the electronics market today, the EVP said, a substantial increase from the 16% in 2012.
Siemens was expanding its spending on technology, design and system scaling areas in preparation of the chip market’s recovery, which will be the start of years of growth, the EVP said.