By Lauro Rizzatti, Business Advisor at VSORA
Technological Innovations in 2024
Lauro Rizzatti
The semiconductor industry closed 2023 on a high note as the U.S. CHIPS Act brought renewed attention to our importance and product introductions from startups and established players buoyed our confidence.
Technological innovations will continue into 2024 along the same trends line much as they did last year more or less. Despite a drop in overall semiconductor revenues of about 10%, top billing for 2023 tech innovation from semiconductor industry followers would have to be OpenAI, Generative AI and ChatGPT, as we witnessed enormous interest in GenAI once ChatGPT took center stage. Following closely behind would have to be the accelerated adoption of RISC-V and the embracing of chiplets for the promise of bending the Moore’s Law curve. The incoming year will also see renewed interest in autonomous driving (AD) at Level 4 where vehicles can operate in self-driving mode and in fully autonomous vehicles at Level 5 that no longer require human attention behind a steering wheel. In fact, steering wheels will not be a standard feature.
Beside a projected increase of global semiconductor sales in the ballpark of 17%, 2024 will usher in some challenges. Notwithstanding the drawbacks of massive computational power and outsize energy consumption, GenAI will continue to revolutionize all sectors driven by human behaviors in every industry from commerce, agriculture and finance to medicine, pharmacy and entertainment, and its adoption will expand exponentially.
