SEMI CEO sees $3 trillion chip industry by 2035

SEMI President and CEO Ajit Manocha said the semiconductor industry hit the $1 trillion revenue milestone earlier than forecast and could reach $3 trillion by 2035. AI and quantum computing will drive growth as trusted partners reshape the supply chain.

• SEMI forecasts a $3 trillion chip market by 2035
• The industry passed the $1 trillion mark earlier than expected
• AI and quantum computing are the main growth drivers
• The supply chain is being reshaped around trusted partners