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UMC Expects AI to Grow to $3 Billion Business

Jan. 24, 2018 – 

UMC Expects AI to Grow to $3 Billion Business

Alan Patterson, EETimes
1/24/2018 00:01 AM EST

TAIPEI — United Microelectronics Corp. (UMC) expects artificial intelligence (AI) to contribute $3 billion to company revenue by 2021 as demand for edge computing and automotive devices takes off.

AI is forecast to be one of the fastest growing markets during the next few years as more companies adopt machine learning in everything from autonomous vehicles to cryptocurrency mining. The global AI market for semiconductors is projected to grow at a compound annual rate of 63 percent between 2016 and 2022, reaching $16 billion by 2022, according to research firm MarketsandMarkets.

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