We are entering a phase where high-performance computing will be used in every household, and the semiconductor industry, part of hi-tech, will play an increasingly crucial role in enabling this high-performance computing, as well as many other technological advances. Since the semiconductor industry is highly dependent on research and development, the strength of any industry is directly related to its ability to remain competitive. And this is precisely what we will watch closely in 2021 as chip technology becomes more powerful and complex — for both consumer and business applications.

According to an industry report, the third quarter 2020 semiconductor market made $114bn, up 11.0% from the 2nd quarter 2020, according to World Semiconductor Trade Statistics (WSTS). The 3Q20 growth was the highest since 11.6% in 3Q16.