Blockchain, IoT, and AI Push Global Semiconductor Sector Sales to Over $40 Billion – Bitcoinist.com
Industries focusing on the Bitcoin’s blockchain technology, the Internet of Things (IoT), and artificial intelligence (AI) are fueling the semiconductor industry to the “highest ever monthly sales.” However, the US-China trade war is now instigating fear and volatility in the semiconductor industry.
Data compiled by World Semiconductor Trade Statistics (WSTS) shows that global sales of semiconductors were $40.1 billion in August 2018, representing an increase of 14.9 percent compared with the August 2017 total of $34.9 billion. As a result, the Semiconductor Industry Association (SIA) reports that worldwide sales in August 2018 were 1.7 percent higher than the July 2018 total of $39.49 billion.