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Consumer Electronics are Fueling Global Semiconductor Market Growth

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Consumer Electronics are Fueling Global Semiconductor Market Growth

FinancialBuzz.com News Commentary

PR Newswire

NEW YORK, October 4, 2018 /PRNewswire/ --

According to data compiled by Inkwood Research, the global semiconductor market is projected to grow at a CAGR of 7.67% during the forecast period from 2017 to 2024. Data reflects that the market is driven by rising demand for consumer electronics, the growing automotive semiconductor market, the emerging internet of things (IoT) market and investments into New Product Development and R&D. Consumer electronics are primarily fueling the market due to demand for products such as tablets, smartphones, laptops and wearable devices. As semiconductor technology begins to advance, new segments are swiftly being integrated into the market, such as Machine Learning. Squire Mining Ltd. (OTC:SQRMF), Intel Corporation (NASDAQ:INTC), Texas Instruments Incorporated (NASDAQ:TXN), NXP Semiconductors N.V. (NASDAQ:NXPI), Skyworks Solutions, Inc. (NASDAQ:SWKS)    

According to data by MarketsandMarkets, the global machine learning sector is expected to grow from USD 1.41 Billion in 2017 to USD 8.81 Billion in 2022 while registering a CAGR of 44.1% during the forecast period. The segment is rapidly growing due to many businesses adopting machine learning to gather intelligence for security and consumer interaction benefits, which can help eliminate human errors. However, machine learning is also being integrated into modern day technology, such as the automotive industry, to build autonomous vehicles. In a report by Forbes, Daniel Newman Principal Analyst and Founding Partner of Futurum Research, explained, "When dealing with a technology as advanced as machine learning, there simply isn't an industry that would not benefit. I mean how could a business not take advantage of a technology that would make them more successful? In the next year, there will be multiple new uses for machine learning in all of these industries available for the taking and I'm not just talking about in marketing and sales."

Squire Mining Ltd. (OTCQB:SQRMF) is also listed on the Canadian Securities Exchange under the ticker (CSE:SQR). Yesterday, the Company announced breaking news that, "to report on its prototype ASIC chip testing event held in Seoul, South Korea. With executives and board members from Squire, Future Farm, CoinGeek, Gaonchips and Samsung Electronics in attendance, Peter Kim, President of Squire's subsidiary AraCore Technology Corp. ("Aracore"), and his team of front-end microchip engineers and programmers, unveiled and tested a working prototype mining system comprised of a newly engineered FPGA (field programmable gate array) ASIC microchip that will be converted into AraCore's first ASIC chip utilizing 10 nanometer technology for mining Bitcoin Cash, Bitcoin and other associated cryptocurrencies. The test results confirm Aracore's original design specifications indicating that the ASIC chip, once mass manufactured by Samsung Electronics, will be capable of delivering a projected hash rate of 18 to 22 terahash per second (TH/s) with an energy consumption of between 700 and 800 watts.

Taras Kulyk, Chief Executive Officer of CoinGeek Mining and Hardware, said 'The CoinGeek team is very pleased with the progress of our strategic partners; Squire Mining and Aracore. With this next generation technology, CoinGeek will continue to pull the blockchain industry out of the proverbial basement and into the boardroom.'

Stefan Matthews, Chairman of nChain, one of the industry leaders in blockchain research and development, and a director of Squire Mining added, 'The early results indicate that this ASIC microchip has the potential to be the next generation leader in providing hash power for enterprise mining of Bitcoin Cash and other associated crypto currencies. It has also demonstrated the potential to rapidly process consensus protocols across the blockchain faster whilst utilizing less energy than anything currently in this sector.'

Hash rate speed and microchip efficiency are the two most important measuring criteria in the crypto-mining industry to enable end-users to maximize profitability and ROI in their day to day mining operations.

Simon Moore, Executive Chairman and CEO of Squire Mining, stated, 'Aracore's time and investment to date have been validated by the impressive results of this new microchip. Once completed, we believe the speed and efficiency of our ASIC microchip combined with our respective mining systems powered by this Samsung manufactured microchip together have the potential to substantially increase the profitability of enterprise mining facilities around the globe. We look forward to releasing our mining system to the market in the first half of next year through our exclusive distribution partners CoinGeek, and competing for a significant piece of this multi-billion-dollar enterprise mining market.'

About AraCore Technology Corp. - Aracore is a joint venture company established by Squire and Peter Kim to design and develop next generation ASIC chips for mining Bitcoin Cash, Bitcoin and other associated cryptocurrencies. Squire owns a 75% interest in Aracore and Peter Kim owns the remaining 25% interest.

About Squire Mining Ltd. - Squire is a Canadian based company engaged, through its subsidiaries, in the business of developing data mining infrastructure and system technology to support global blockchain applications in the mining space including applicable specific integrated circuit (ASIC) chips and next generation mining rigs to mine Bitcoin Cash, Bitcoin and other associated cryptocurrencies."

Intel Corporation (NASDAQ:INTC) expands the boundaries of technology to make the most amazing experiences possible. Intel has recently announced the acquisition of NetSpeed Systems, a San Jose, California-based provider of system-on-chip (SoC) design tools and interconnect fabric intellectual property (IP). Deal terms were not disclosed. NetSpeed's highly configurable and synthesizable offerings will help Intel more quickly and cost-effectively design, develop and test new SoCs with an ever-increasing set of IP. The NetSpeed team is joining Intel's Silicon Engineering Group (SEG) led by Jim Keller. NetSpeed Co-Founder and Chief Executive Officer, Sundari Mitra, will continue to lead her team as an Intel Vice President reporting to Keller. "Intel is designing more products with more specialized features than ever before, which is incredibly exciting for Intel architects and for our customers. The challenge is synthesizing a broader set of IP blocks for optimal performance while reining in design time and cost. NetSpeed's proven network-on-chip technology addresses this challenge, and we're excited to now have their IP and expertise in-house," said Jim Keller, Senior Vice President and General Manager of the Silicon Engineering Group at Intel.

Texas Instruments Incorporated (NASDAQ:TXN) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. Texas Instruments recently announced its new DLP® Pico™ controllers that deliver advanced light control capabilities in smaller form factors for mass-market 3D scanners and 3D printers. DLPC347x controllers offer the micron-to-sub-millimeter resolution typically found in high-performance, industrial-grade applications in a smaller form factor for desktop 3D printers and portable 3D scanners. Key features and benefits of DLPC347x controllers: Bringing DLP Pico display technology to new applications: Industry-leading pico display expertise now includes high-speed, high-resolution precision light control previously only found in the industrial-grade DLP4500 to DLP9000 chipsets. The combination of these capabilities allows optical module manufacturers and developers to create smaller 3D printing and 3D scanning designs with higher precision; Size versatility: By pairing one of the new controllers with a DLP2010 (480p), DLP2010NIR (480p), DLP3010 (720p) or DLP4710 (1080p) DMD, which range in diagonal size from 0.2 to 0.47 inches, developers can create customized solutions by combining the controllers and DMDs that best fit their applications. This capability allows for easy integration into a variety of low-power 3D scanners and 3D printers.

NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. NXP Semiconductors N.V. and Hitachi Solutions, Ltd., a leader in V2X software platforms for the Japanese automotive market, recently announced a partnership to develop a new V2X solution targeted at the Japanese market [J-ITS]. The solution will employ an NXP developed V2X modem and processor and a full Hitachi Solutions V2X software stack, providing automakers that target the Japanese market with a head start in the development of their own V2X solutions, whether they are on board units (OBUs) or full Telematics Modules. The solution's ability to address 5.9GHz and 760MHz V2X implementations means that other markets, such as those in Europe and the United States, could be addressed with a single, reusable design, offering savings in automotive development costs. The secure V2X single-chip modem incorporates NXP's Software Defined Radio technology, which provides customers with a platform that supports different regional standards with a single hardware solution. This integration reduces development, qualification and maintenance efforts significantly and eases the challenges of global V2X rollouts. The modem includes a hardware engine for secure verification of incoming messages. The ultra-compact, single-chip integration of analog RF with digital baseband processing provides a flexible architecture for different processor options, dependent on the need of the customer. "We are pleased to collaborate with Hitachi Solutions on a solution that will enable developers in the Japanese auto market to develop the next generation of V2X for Japan and beyond," said Patrick Morgan, VP & GM Product Line ADAS Modems, NXP. "Our unique and broad V2X product portfolio combined with Hitachi Solutions' V2X software stack is a powerful combination."

Skyworks Solutions, Inc. (NASDAQ:SWKS) is empowering the wireless networking revolution. Skyworks Solutions, Inc. recently closed its acquisition of Avnera Corporation, a leading developer of Analog System on Chips (ASoCs). The companies entered into a definitive agreement on August 3rd, 2018. Since 2004, Avnera has been designing Analog System-on-Chips, integrating breakthrough low-power analog circuits. As pioneers of Analog System-on-Chip (ASoC) technology, Avnera works closely with its partners to transform markets. Over the last decade, Avnera has delivered circuit and system innovations that have set a new bar in minimizing power consumption and footprint sizes. The world's most respected brands trust Avnera to deliver disruptive features for their most innovative products. "Voice is increasingly becoming the primary interface for artificial intelligence and Internet of Things applications. Skyworks' acquisition of Avnera will enable us to capitalize on the rapid proliferation of audio functionality and its convergence with our advanced connectivity solutions," said Liam K. Griffin, President and Chief executive Officer of Skyworks. "With Skyworks' global sales channels, strong customer relationships and operational scale, we plan to leverage Avnera's innovative product portfolio and systems expertise to increase our footprint in automotive, industrial, home automation, enterprise and high-end consumer markets. In short, this transaction perfectly complements Skyworks' product roadmap and will be highly synergistic across a broader customer set."

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