Artificial Intelligence
Semiconductor Manufacturing Equipment Market Size to Surpass US$ 141.6 BN by 2030
London, May 05, 2022 (GLOBE NEWSWIRE) — The global semiconductor manufacturing equipment market was estimated at US$ 72.69 billion in 2021. The spike in demand for consumer electronics is one of the primary reasons driving the growth of the worldwide semiconductor manufacturing equipment market. There is a growing demand for advanced and miniaturized semiconductor components and parts in the consumer electronics industry. Furthermore, technological developments and the adoption of innovative technologies such as artificial intelligence and blockchain are boosting the worldwide semiconductor manufacturing equipment market’s growth and development.
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Furthermore, technical improvements in extreme ultraviolet lithography equipment will drive the semiconductor manufacturing equipment market. Manufacturing of consumer electronics is one of the most important uses of semiconductor equipment and devices. Furthermore, the increased use of smartphones and wearable devices is fueling the growth of the semiconductor manufacturing equipment market.
Regional Snapshot
Asia-Pacific is the largest segment for semiconductor manufacturing equipment market in terms of region.China is dominating the semiconductor manufacturing equipment market in the Asia-Pacific region. The existence of significant industry players, particularly in rising nations like China and Japan, is propelling the region’s semiconductor manufacturing equipment market forward. Japan and Korea were the top exporters of semiconductor manufacturing equipment in 2016, according to the International Trade Administration. As a result, the market for semiconductor manufacturing equipment is likely to grow in coming years.
Scope of the Report
| Report Attribute | Details |
| Market Size in 2021 | USD 72.69 Billion |
| CAGR | 7.69% from 2022 to 2030 |
| Revenue Forecast by 2028 | USD 122.1 Billion |
| Base Year | 2021 |
| Forecast Data | 2022 to 2030 |
| Companies Covered | Tokyo Electron Limited, Applied Materials Inc., Lam Research Corporation, ASML, KLA Corporation, Dainippon Screen Group, Hitachi High Technologies Corporation, ASM International, Ferrotec Holdings Corporation, Canon Machinery Inc. |
Europe region is the fastest growing region in the semiconductor manufacturing equipment market. The UK holds the highest market share in the Europe semiconductor manufacturing equipment market. The expansion of the semiconductor manufacturing equipment market in Europe is being fueled by rising investments in semiconductor manufacturing equipment. Furthermore, solid trade links with other countries are contributing towards the growth of Europe semiconductor manufacturing equipment market.
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Report Highlights
- On the basis of equipment type, front end equipment segment holds the largest market share in the global semiconductor manufacturing equipment market. In the worldwide semiconductor manufacturing equipment industry, there are various market players selling front end equipment. According to the Semiconductor Industry Association, semiconductor development and production account for the majority of chip value. As a result, this element is propelling the segment forward.
- On the basis of dimension, 3D segment holds the largest market share in the global semiconductor manufacturing equipment market. Technological advancements in semiconductor device and equipment production are one of the primary drivers driving the segment’s growth. In the semiconductor manufacturing equipment sector, 3D integrated circuits are widely employed.
- On the basis of application, semiconductor fabrication plant/foundry segment holds the largest market share in the global semiconductor manufacturing equipment market. In industries such as medical devices, consumer electronics, and automobiles, the demand for semiconductors is quickly increasing. This is pushing the adoption of semiconductor manufacturing equipment in semiconductor fabrication plants and foundries.
Market Dynamics
Drivers
Growing government initiatives
The semiconductors are largely used in the manufacturing and production process of various consumer electronics. Therefore, the government all around the world is highly investing in semiconductor manufacturing equipment industry. The government is also providing tax benefits to the manufacturers of semiconductor manufacturing equipment. As a result, the growing government initiatives are driving the growth and development of global semiconductor manufacturing equipment market.
Restraints
Supply chain disruptions
There are many members involved in the supply chain of semiconductor manufacturing equipment market. But due to the coronavirus outbreak, the supply chain of semiconductor manufacturing equipment market was hampered to greater extent. Thus, this type of situations restricts the expansion of global semiconductor manufacturing equipment market during the projected period.
Opportunities
Surge indemand for semiconductor fabrication facilities
As per the SEMI’s World Fab Forecast issued in June 2021, semiconductor manufacturers began building 19 new high volume fabs in 2021, with another 10 high volume fabs expected to be built in 2022. Thus, the demand for semiconductor fabrication facilities is growing, which is providing lucrative opportunities for the global semiconductor manufacturing equipment market.
Challenges
Complex process of manufacturing semiconductor equipment
The manufacturing facilities for semiconductor must be located in a clean surrounding. In addition, the supply of semiconductor manufacturing equipment should be done without any kind of defects. The adoption of innovative technologies can speed up the process of semiconductor manufacturing. As a result, complex process of manufacturing semiconductor equipment is the biggest challenge for the growth of global semiconductor manufacturing equipment market over the forecast period.
Recent Developments
- Applied Materials Inc. and BE Semiconductor Industries declared an agreement in October 2020 to create a chip-to-chip interconnect technology that will enable subsystems designs and heterogenous chips such as advanced computing 5G and Artificial Intelligence. It will be the first proven and full hybrid bonding equipment solution.
- Teradyne and Syntiant Corporation, an artificial intelligence chip firm, successfully sent millions of their microwatt power all over the world.
- The Berliner Glas Group, including its subsidiaries was acquired by ASML chipmaking equipment manufacturing company in November 2020.
Market Segmentation
By Equipment Type
- Front end Equipment
- Lithography Equipment
- DUV Lithography
- EUV Lithography
- Water Surface Conditioning Equipment
- Etching
- Chemical Mechanical Planarization
- Wafer Cleaning Equipment
- Single-Wafer Spray System
- Single-Wafer Cryogenic System
- Batch Immersion Cleaning System
- Batch Spray Cleaning System
- Scrubber
- Deposition Equipment
- Other
- Lithography Equipment
- Back end Equipment
- Assembly and Packaging
- Dicing
- Metrology
- Bonding
- Water Testing
By Dimension
- 2D
- 2.5 D
- 3 D
By Application
- Semiconductor Fabrication Plant/Foundry
- Semiconductor Electronics Manufacturing
- Test Home
By Product Type
- Introduction
- Memory
- Foundry
- Logic
- MPU
- Discrete
- Analog, MEMS and Others
By Supply Chain Participant
- Introduction
- IDM Firms
- OSAT Companies
- Foundries
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
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Artificial Intelligence
Add Value Machine, ADCB and Amazon Web Services (AWS) Successfully Conclude UAE’s First-Ever Generative AI Hackathon in the Banking Sector
ABU DHABI, UAE, June 17, 2024 /PRNewswire/ — Add Value Machine (AVM), a leading provider of secure generative AI platforms, and Abu Dhabi Commercial Bank (ADCB), one of the largest banks in the UAE, have successfully concluded the groundbreaking ADCB Generative AI Hackathon. The event, which took place in Abu Dhabi, marked the first time a UAE bank has conducted a hackathon focused on exploring the potential of generative AI in the banking sector.
“We are thrilled to have partnered with ADCB and AWS to host this groundbreaking hackathon,” said John Shaw, CEO of Add Value Machine. “Our secure generative AI platform has enabled ADCB to explore innovative solutions that can drive meaningful business impact across the bank. This event showcases the immense potential of generative AI in the banking sector, and we look forward to working with ADCB to bring the most impactful use cases into production.”
The hackathon brought together nearly 120 participants from ADCB, AVM and Amazon Web Services (AWS) collaborated to structure the event around key business outcomes, focusing on the most relevant ROI generative AI use cases in procurement, engineering, retail banking, and treasury.
Sean Langton, ADCB’s CIO, reflected on the event’s success, stating, “Generative AI is the perfect technology for a hackathon – it has unlimited opportunity to improve our business and customer experience but also presents emerging risks we need to be mindful of. Thanks to our partnerships with Added Value Machine and AWS, we’ve been able to build several AI ‘bots’ in a safe way in just a day. I can’t wait to see the first of these up and running in production in the coming days.”
All use cases developed during the hackathon were built on AVM’s observability, governance and compliance generative AI platform. AVM and AWS are now working closely with ADCB to accelerate the most impactful use cases into production, ensuring that the bank can quickly realize the benefits of generative AI technology.
Ravi Singh, President and CTO of Add Value Machine, expressed his enthusiasm for the collaboration, stating, “It’s inspiring to witness the passion and unity of purpose at ADCB. The combination of visionary leadership and technical expertise has resulted in a thoughtful, measured approach to generative AI adoption. We are proud to be part of this transformative journey.”
ADCB plans to conduct regular hackathons to foster a culture of innovation and explore new applications of generative AI technology across its business operations.
About Add Value Machine:AVM is a leading Generative AI security company that provides 360-degree observability, enabling enterprises to monitor all of the Generative AI usage no matter where it happens. The accelerated use of generative AI at large corporations has also accelerated customer data leakage and presents new challenges for companies looking to maintain security compliance. At AVM, we believe that the accelerated adoption of Generative AI needs the strict adoption of advanced security protocols.
Contact:Julie [email protected]
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Artificial Intelligence
Altair One® Cloud Innovation Gateway Now Available on Google Cloud Marketplace
Addition will expand access to Altair’s digital engineering experience
TROY, Mich., June 17, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Altair One®, Altair’s cloud innovation gateway, is now available on Google Cloud Marketplace, opening up a world of possibilities for users seeking seamless access to powerful simulation, data analytics, and high-performance computing (HPC) capabilities.
Altair One is designed for collaborative engineering, data engineering, and analytical application development. Built on a robust HPC backbone, Altair One provides seamless, unified access to tools, data, and computing resources while unleashing the power of artificial intelligence (AI) across every step of the product development life cycle.
Google Cloud Marketplace customers can now leverage Bring Your Own Cloud (BYOC) functionality to run Altair simulation, AI, and data analytics applications.
“The integration of Altair One with the Google Cloud Marketplace empowers Google Cloud users to effortlessly unlock a world of innovative solutions. This collaboration will fuel engineering breakthroughs with the power of Google Cloud’s adaptable, flexible, and scalable cloud infrastructure,” said Sam Mahalingam, chief technology officer, Altair. “This integration aligns perfectly with our core mission of equipping businesses for digital success and making powerful software solutions readily accessible to users.”
“Bringing Altair One to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the platform on Google Cloud’s trusted, global infrastructure,” said Dai Vu, managing director, Marketplace and ISV GTM Programs, Google Cloud. “Altair can continue to securely scale and support customers on their digital transformation journeys.”
Altair One is the gateway that empowers organizations to mature into digital enterprises by breaking down data silos, connecting virtual models, optimizing their compute infrastructure, and digitizing key processes. It provides all the tools to create a “One Total Twin” of a product throughout its lifecycle, “One Traceable Thread” connecting all data stages, and a “Single Source of Truth” for all models and data. This all-in-one platform automates data capture, empowers better decision-making, enhances performance management, and ultimately accelerates engineering processes for a seamless digital experience.
To learn more, visit https://console.cloud.google.com/marketplace/product/altair/altair-one-private?hl=en&project=altair-public.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
Media contacts
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Altair Europe/The Middle East/Africa
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Artificial Intelligence
IBS Software Announces Appointment of New Chief Executive Officer Somit Goyal
DUBAI, UAE, June 17, 2024 /PRNewswire/ — IBS Software, a leading SaaS solutions provider to the travel industry globally, has appointed Somit Goyal as its new Chief Executive Officer (CEO), effective immediately. Somit succeeds Anand Krishnan, who served as CEO of IBS Software since 2018.
Somit Goyal brings a wealth of experience in the enterprise software sector, having held leadership roles at globally renowned companies such as Microsoft, SAP, Oracle and AOL.
During his 11-year tenure at Microsoft, Somit held several leadership roles across strategy, operations, sales and customer success. In his last role, he managed the global sales of Microsoft’s Modern Work cloud business, and before that, Somit served as the Chief Operating Officer of Microsoft’s Public Sector business worldwide. Somit also conceived and established the Customer Success function at Microsoft, an area of growing importance for IBS Software as it continues to expand globally.
Most recently, Somit served as President and COO of Pluralsight, a SaaS company, where he oversaw product, engineering and GTM functions.
“Somit’s impressive experience in operating global SaaS businesses, leading diverse teams, and managing all facets of enterprise software make him exceptionally well-suited to lead IBS Software during this exciting phase of growth,” said V K Mathews, Executive Chairman of IBS Software. “IBS Software is at a pivotal point in its trajectory as we continue to innovate to better serve our customers. I am confident Somit will help unlock our full potential.”
With a comprehensive portfolio of modular, cloud-based solutions purpose-built for the travel industry, IBS Software helps travel companies accelerate innovation and drive efficiency across a broad set of core business processes, including passenger services, flight operations, cargo and logistics, loyalty management, cruise operations, energy & resource logistics and hospitality businesses.
“With a broad portfolio of industry leading products, marquee customers and a talented team, with deep domain expertise IBS Software stands at the forefront of travel industry innovation. I couldn’t be more excited to join IBS Software and help lead it through its next exciting chapter.” said Somit Goyal, who holds an electrical engineering degree from the Indian Institute of Technology (IIT) in New Delhi, India and an MBA from INSEAD, France.
Somit will report directly to IBS Software Executive Chairman V K Mathews.
ABOUT IBS SOFTWARE
IBS Software is a leading SaaS solutions provider to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries. IBS Software’s solutions for the aviation industry cover fleet & crew operations, aircraft maintenance, passenger services, loyalty programs, staff travel and air cargo management. Across the hospitality sector, IBS Software offers a cloud-native, unified platform for hotels and travel sellers, including central reservation (CRS), property management (PMS), revenue management (RMS), call centre, booking engine, loyalty and distribution. For the tour & cruise industry, IBS provides a comprehensive, customer-centric, digital platform that covers onshore, online and on-board solutions. Across the energy & resources industry, we provide logistics management solutions that cover logistics planning, operations & accommodation management. The Consulting and Digital Transformation (CDx) business focuses on driving digital transformation initiatives of its customers, leveraging its domain knowledge, digital technologies and engineering excellence. IBS Software operates from 17 offices across the world.
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