U.S. Markets open in 7 hrs 49 mins

BBig Data, IoT To Drive Semiconductor Growth

Shobhit Seth

The future growth in semiconductors or processing chips will not be driven by smartphones, but by big data and the Internet of Things (IoT), Toshiki Kawai, the chief executive officer of the Tokyo, Japan-based leading electronics and semiconductor company Tokyo Electron Ltd., told CNBC in an interivew. Over the past few years, smartphones, computers and data centers have been the primary drivers for growth in the semiconductor industry.