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The semiconductor industry of Egypt will have a US$53.4bn revenue opportunity for the year 2023. This is an increase of 20.9% from 2022, according to the latest forecast from Gartner, Inc., suggesting smart growth of artificial intelligence (AI) workloads
The semiconductor industry of Egypt will have a US$53.4bn revenue opportunity for the year 2023. This is an increase of 20.9% from 2022, according to the latest forecast from Gartner, Inc., suggesting smart growth of artificial intelligence (AI) workloads
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AI semiconductor revenue will continue to experience double-digit growth through the forecast period, increasing 25.6% in 2024 to US$67.1 billion. By 2027. AI chips revenue is expected to be more than double the size of the market in 2023, reaching US$119.4bn.
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Many more industries and IT organizations will deploy systems that include AI chips as the use of AI-based workloads in the enterprise matures. In the consumer electronics market, Gartner analysts estimate that by the end of 2023, the value of AI-enabled application processors used in devices will amount to $1.2bn, up from $558m in 2022.
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The need for efficient and optimized designs to support the cost-effective execution of AI-based workloads will result in an increase in deployments of custom-designed AI chips. “For many organizations, large-scale deployments of custom AI chips will replace the current predominant chip architecture – discrete GPUs – for a wide range of AI-based workloads, especially those based on generative AI techniques,” said Priestley. Generative AI is also driving demand for high-performance computing systems for development and deployment.
