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.
Semiconductor Industry Becoming the Fastest-Growing Industry in the Tech Sector
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.