The world as we know it would have been slower or maybe unimaginable without the use of semiconductors. Gordon Moore, a co-founder of Intel, formatted a law in the late 1960s that states “the numbers of transistors that can be placed on a standard processor will double every 18 to 24 months”. The law holds valid till date and reasons the remarkable pace of innovation in the industry.
However, the progress is expensive and requires a lot of investment and gradual expansion in terms of technology and development. Such transitions require endless research and development work that calls for huge capital and demands generous levels of investments.
The semiconductor industry is a compilation of various industrial sectors. In a quick overview, we can see that the demand for semiconductors, on a larger scale is determined by end customer markets rather than the end users.
Let us take a look at the average sales generating techniques and their approximate sales:
- Data processing : 38%
- Communications : 28%
- Customer electronics : 18%
- Industrial accounts : 10%
- Automotive industry : 8%
Twenty years after its innovation, the semiconductor industry is blooming and has set a promising future for itself and the society. It has reached a point where the production volume doubles every year spreading out its manufacturing throughout the world connecting people with devices and vice versa. The electronics industry has managed to create the largest and most inspirational impacts on business in the history of mankind changing our everyday lives. It has undergone extreme rapid developments and is amongst the most expensive industries with a promising future.