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1 Monster Opportunity in the Global Chip Shortage

·4 min read
1 Monster Opportunity in the Global Chip Shortage

Semiconductors have turned into a gigantic industry over the past few decades. Estimates have global spending at $553 billion in 2021, up from a measly $33 billion worldwide in 1987. Analysts expect the industry to continue growing to almost $1 trillion in total annual spending by 2030, as there is an increased demand for computing processes around the world with the growth of electronics, data centers, and artificial intelligence (AI) technology.