Automotive, data storage and wireless communication sectors leading the way

A recent TechCrunch article revealed a positive forecast for the future of the semiconductor industry through the end of this decade. Recent legislation, including the CHIPS for America Act, is aimed at protecting industries against supply shortages and reducing reliance on fabrication plants in Asia.

As a result, industry giants like Intel, Samsung, Texas Instruments and GlobalFoundries are planning to add more capacity in the U.S. Europe is also seeing significant investment. This planned growth signals that the longer-term outlook for the semiconductor industry is positive, with TechCrunch estimating 6% to 8% growth each year up to 2030.

Click here to read the full article and view the graphic from McKinsey & Company forecasting overall growth in market value and the industries that are driving it.

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