Benzinga - by Surbhi Jain, .
The automotive is the most important revenue driver for the semiconductor industry.
That’s according to a survey conducted by KPMG LLP and the Global Semiconductor Alliance (GSA). The position is likely attributable to the continuing computerization and electrification of vehicles.
EVs May Be No.1 But AI Grabs Headlines
"Automotive is still the top revenue driver, but AI has surged up the list and is the headline in many ways," said Mark Gibson. Gibson is the KPMG Global and US technology, media and telecommunications leader.
Relatedly:
- Microprocessors (including GPUs used for AI) ranked as the top product opportunity for industry growth over 2024
- Implementing Gen AI ranked among the top three strategic priorities for semiconductor companies over the next three years
The AI Chip Bandwagon
NvidiaCorpNvidia holds the largest GPU share by far for use in data centers. Qualcomm (NASDAQ:QCOM) and Advanced Micro Devices (NASDAQ:AMD) are other big players aboard the AI chip bandwagon.
Also Read: Nvidia On Track To Topple Samsung, Intel As Biggest Chipmaker By Revenue; Will The Momentum Continue In 2024?
Intel (NASDAQ:INTC) just launched its 5th Gen Xeon for servers alongside a Core Ultra semiconductor for mobile, including the new AI PC concept. With this development, Intel would be joining others such as AMD, Qualcomm and Apple Inc (NASDAQ:AAPL) in the AI PC chip arena.
Top 3 Functions Of GenAI Implementation In 2024-25
Read Next: Semiconductor Stocks Soar To All-Time Highs: On Track For Strongest Year Since 2008, But Are They Too Expensive Now?
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