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Over $100b AI chip market keeps US, China on warpath — What does it mean for Taiwan?

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1 year ago

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With the advent of artificial intelligence (AI) and the recent exponential growth in its development and daily life applications, the demand for semiconductor chips — an essential component of modern electronic devices, has witnessed a significant surge therefore boosting the revenue-generating potential of the market up to $67 billion by 2024.

Semiconductors are highly sought-after chips as they are responsible for conductivity between conductors and non-conductors within electronic devices. However, artificial intelligence-enabled semiconductor chips have created a new avenue for further market growth and revenue generation.

As per Gartner’s vice president Alan Priestley, the surge in demand for semiconductor chips is primarily driven by high-end computing requirements of generative AI programs and platforms.

This year alone, the semiconductor market with regard to its AI application is approximately worth around $ 53.4 billion. The revenue generation trend is expected to not only sustain itself but in fact witness notable growth of around 25.6% amounting to $ 67.1 billion by 2024 next year.

As reported by editorialge, Priestley is of the view that the progressive trend in its demand and therefore production is expected to reach $ 119.4 billion by 2027.

Why are US and China concerned?

Designing semiconductor chips is not an issue, however, manufacturing them and controlling the supply chain is. The country that dominates semiconductor manufacturing and global supply chain will benefit from significant financial and geo-political leverage on a global stage.

Currently, Taiwan is the leading semiconductor-producing country in the world and controls around 20% of the global supply. 

However, owing to supply chain and manufacturing issues due to the COVID-19 pandemic, the world has witnessed a significant increase in demand for these chips, which has led to the US and China engaged in a semiconductor race that is gradually turning into a war.

For the United States, the concern is that if China achieves notable dominance in semiconductor manufacturing and supply chain, it’ll use it as a geo-political weapon against the US and its European allies. 

China on the other hand aims to counter Taiwan’s supremacy – a key Western partner, to strengthen its geo-political position. 

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Balochistani Graduates Selected for NUTECH Islamabad’s Mining Program

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6 days ago

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For 18 graduates of the Reko Diq Mining Project, the National University of Technology, Islamabad, has started a training program. These graduates will complete an 18-month on-the-job training program at Barrick’s International Mining Sites after completing a two-month course at NUTECH.

The graduates will acquire proficiency in mining and associated technical domains during the training program. The chosen graduates will also get specific instruction on environmental protection, safety, exploration, and geology.

Along with the development of communication skills, the curriculum will also emphasise the most recent advancements in the mining industry. Barrick’s International Graduate Development Program for 2024 includes the Balochistani graduates.

Additionally, nine Baloch graduates were selected in 2023 and transported to Barrick’s facility in Argentina for on-the-job training.

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WhatsApp will improve the updates tab by introducing new shortcuts and a revamped interface.

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WhatsApp is implementing a new upgrade to refine the Updates tab interface, hence boosting accessibility for status and channel updates.

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The Meta-owned messaging application has also revamped the button for generating text-based status updates and introduced a feature for recording and sharing voice status updates. This offers customers a more expedient method to disseminate text and speech updates without depending on the floating action button.

The revisions correspond with recent modifications to other tabs, ensuring a modernised interface that improves navigation and update creation. WhatsApp is modifying the floating action button to facilitate content sharing within channels.

When selecting the floating action button, users will see several options, including creating status updates, starting new channels, or sharing photos, videos, voice, and text in existing channels. This revamp integrates all content-generating options into a singular section.

The new shortcuts are anticipated to be accessible to a broader user base in the forthcoming weeks. Beta testers can currently access them in the latest WhatsApp beta for Android, version 2.24.26.13, available on the Google Play Store.

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China and Pakistan Sign Memorandum of Understanding to Launch AI-Powered Agricultural Equipment

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Through Chinese expertise, the arrangement, which was made possible by the Special Investment Facilitation Council (SIFC), intends to increase Pakistan’s agricultural output.

The Punjab government and China’s “AI Force Tech” company have inked a memorandum of understanding (MoU) to introduce advanced agricultural machinery during Chief Minister Maryam Nawaz’s visit to China.

Through the use of advanced robotic technology, the MoU seeks to transform Pakistan’s agricultural industry, guarantee economic growth, and boost farmers’ wealth with China’s assistance.

Through the partnership, Pakistan would also have the chance to absorb knowledge about China’s sophisticated farming methods.

In the meantime, plans have been revealed by the Federal Minister of Planning to send 1,000 agricultural experts to China to study contemporary farming methods.

A Chinese business and the Punjab government previously inked an agreement to introduce cutting-edge cancer treatment technologies to Punjab.

Maryam Nawaz signed a Memorandum of Understanding (MoU) with Hygea Medical Technologies while she was in China in order to introduce cutting-edge cancer treatment equipment and techniques to Punjab.

This equipment will make it feasible to treat cancer without the need for chemotherapy or surgery.

Following a meeting with Hygea Medical Technologies President Dr. Luo Fuliang, Maryam Nawaz said the organization has promised expert assistance for the establishment of the Nawaz Sharif Cancer Hospital.

She went on to say that the hospital will work with China to treat cancer patients utilizing the newest equipment and techniques following the agreement.

Maryam Nawaz and a high-level delegation are present. From December 8 to December 15, the chief minister will go to Beijing, Shanghai, Shenzhen, and Guangzhou.

CM Maryam Nawaz is expected to attend a number of conferences, events, and meetings with the goal of enhancing bilateral relations and looking into potential joint ventures in the areas of infrastructure development, technology, agriculture, and governance.

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