SemiMedia SemiMedia
  • Breaking News
  • MarketWatch
  • Distribution
  • Manufacturer
  • Video
  • About us
Home › MarketWatch › AI chip market is growing at an annual rate of over 20%
  • 0

AI chip market is growing at an annual rate of over 20%

SemiMediaEdit
August 23, 2023

August 23, 2023 /SemiMedia/ -- According to Gartner's latest report, the market for chips used to execute artificial intelligence (AI) workloads is growing at a rate of more than 20% per year.

Gartner predicts that the AI chip market will reach US$53.4 billion in 2023, an increase of 20.9% over 2022, and will increase by 25.6% to US$67.1 billion in 2024. By 2027, AI chip revenue is expected to more than double the size of the market in 2023, reaching $119.4 billion.

In the consumer electronics market, Gartner analysts estimate that AI application processors used in devices will be worth $1.2 billion by the end of 2023, up from $558 million in 2022.

According to Gartner, large-scale deployment of custom AI chips will replace the current dominant chip architecture for a variety of AI-based workloads, especially those based on generative AI techniques. In the longer term, Gartner expects demand for custom-designed AI chips to increase as hyperscale enterprises seek cost-effective ways to deploy these applications.

Related

AI chip market electronic components news Electronic components supplier Electronic parts supplier Gartner
Silicon wafer glut stretches to 2025, report says
Previous
ROHM releases new automotive-grade high-voltage Hall IC
Next

All Comments (0)

Back
No Comment.

Top Post

Fire broke out at AKM factory in Japan
Mouser Electronics expands to the Philippines with local customer service center
Qualcomm ranked first in the world's top ten IC design companies
Analyze the key factors and prospects of electronic components shortage from the perspective of wafer industry
What is the root cause of the decline of the Japanese semiconductor industry?
ST releases price increase notice

Subscribe SemiMedia

Please check your E-mail to confirm the subscribtion.

Related posts

Intel cuts 5,400 jobs in Oregon as restructuring continues

Intel cuts 5,400 jobs in Oregon as restructuring continues

July 18, 2025
0
SanDisk cancels $55 billion chip plant project in Michigan

SanDisk cancels $55 billion chip plant project in Michigan

July 18, 2025
0
Nexperia introduces MJPE BJT series in compact CFP15B package for automotive and industrial use

Nexperia introduces MJPE BJT series in compact CFP15B package for automotive and industrial use

July 17, 2025
0
SK Keyfoundry and LB Semicon co-develop 8-inch Direct RDL for power and automotive chips

SK Keyfoundry and LB Semicon co-develop 8-inch Direct RDL for power and automotive chips

July 17, 2025
0
Copyright © 2017-2025 SemiMedia. Designed by nicetheme.
  • Please set up your first menu at [Admin -> Appearance -> Menus]
  • electronic components news
  • Electronic components supplier
  • Electronic parts supplier
  • Infineon
  • Electronic component news
  • Renesas
  • Vishay
  • STMicroelectronics
  • NXP
  • TDK

SemiMediaEdit

Administrator