Explosive Growth in the Artificial Intelligence Chipsets Market: A Deep Dive into Key Trends and Opportunities

The AI (chipsets) market is expected to be valued at USD 18.6 billion in 2023 and is projected to reach USD 64.5 billion by 2028; it is expected to grow at a compound annual growth rate (CAGR) of 28.1% from 2023 to 2028.

Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are market players’ major growth strategies. These strategies have enabled them to efficiently fulfill the growing demand for AI (chipsets) from different end-user industries and expand their global footprint by offering products in all the major regions.

Key players operating in the AI (chipsets) market are Intel Corporation (US), Nvidia Corporation (US), Qualcomm Technologies Inc. (US), Micron Technology, Inc. (US), Advanced Micro Devices, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Apple Inc. (US), IBM (US), Alphabet, Inc. (US), Huawei Technologies (China), Graphcore (UK), MediaTek, Inc. (Taiwan), Mythic (US), Kalray (France), ARM (UK), Bliaze (US), LG Electronics (South Korea), Imagination Technologies (UK), Groq (US), Hailo (Israel), Cerebras (US), XMOS (UK), Greenwave Technologies (France), SiMa (US), and Kneron, Inc. (US).

Intel Corporation (US)

Intel Corporation (US) is one of the leading companies in the AI (chipsets) market because of its strong regional and application footprint. It engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. It provides Ai (chipsets), ideal for consumer electronics, industrial automation, data center, and server applications. The company has a robust market presence, especially in the PC and data center market, and invests significantly in R&D, which has resulted in its strong position in the AI market. The R&D team of the company focuses on developing processors for different industries and maintaining an advantage over competitors.

Nvidia Corporation (US)

NVIDIA Corporation (US) designs and manufactures computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics, Compute & Networking, and All Others. The Graphics segment comprises product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and prominent data researchers, and GRID for cloud-based visual computing users. The Compute & Networking segment integrates an entire computer onto a single chip. It incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The All-Other segment refers to the stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, and other non-recurring charges. It offers a broad portfolio of Ai (chipsets) and serves a range of markets, including telecommunications, automotive, consumer internet, cybersecurity, manufacturing, robotics, and various other market segments. The company has a regional presence in North America, Europe, APAC, and Africa. The comprehensive product offerings and solid global presence make Nvidia one of the dominant players in the Ai (chipsets) industry.

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Qualcomm Technologies Incorporation (US)

Qualcomm Technologies Inc. (US) is a leading company in the AI (Artificial Intelligence) chipset market, known for its cutting-edge technology and innovation. It has actively developed and manufactured AI chipsets that power various devices, including smartphones, smart home devices, autonomous vehicles, and more. The company’s AI chipsets also play a crucial role in enabling AI applications beyond mobile devices. The company has developed specialized chipsets for AI edge computing, targeting intelligent home devices, surveillance cameras, robotics, and industrial IoT (Internet of Things) applications. These chipsets are designed to handle real-time AI processing at the edge, offering low latency and improved privacy by minimizing the need for cloud-based processing. The company has 172 offices in all the central locations, such as the US, UK, Brazil, China, France, Germany, India, Indonesia, Japan, Mexico, and South Korea.

Micron Technology Incorporation (US)

Micron Technology, Inc. (US) is a global leader in advanced semiconductor solutions and has a significant presence in the AI (Artificial Intelligence) chipset market. The company’s involvement in the AI chipset market primarily provides memory and storage solutions optimized for AI workloads. These solutions include DRAM (Dynamic Random Access Memory) and NAND flash memory products, crucial components in AI chipsets. The company’s memory solutions are designed to deliver high performance, low latency, and efficient data handling capabilities required for AI processing. The company offers its products and solutions for several applications, such as computing, consumer electronics, enterprise storage, networking, and automobiles. With 40 years of expertise in memory design, the company’s memory devices are now being deployed in AI, ML, and autonomous vehicles.

Advanced Micro Devices, Incorporation (US)

Advanced Micro Devices, Inc. (US) engages in the provision of semiconductor businesses. It operates through the following segments: Data Centre, Client, Gaming, and Embedded. The Data Centre segment primarily includes server CPUs and GPUs, DPUs, FPGAs, and Adaptive SoC products for data centers; the Client segment primarily includes CPUs, APUs, and chipsets for desktop and notebook personal computers; the Gaming segment primarily includes discrete GPUs, semi-custom SoC products and development services; and the Embedded segment primarily includes embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products. The company operates in various locations across Asia, the Americas, and Europe. Global presence to a broader customer base and enable continued inflows resulting in a substantial revenue position for the company.

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