Analyst Tempers IoT Chip Forecast
There’s little doubt that the Internet of Things represents a massive opportunity for the semiconductor industry, though quantifying the size of that opportunity remains at best a work in progress.
Market research firm IC Insights Inc. recently trimmed its long-term forecast for semiconductor sales driven by IoT, citing lower revenue projections for connected cities applications such as smart meters and infrastructure. The market research firm shaved nearly $1 billion off its 2020 IoT semiconductor forecast, saying it now it expects the total to be about $31.1 billion. Read more…