US-based chipmaker Micron Technology is expecting demand for semiconductors to rise significantly in the next few years, globally and in India, as memory consumption is going up, largely driven by the widespread adoption of technologies like artificial intelligence (AI). Memory consumption is expected to double by the end of the decade and the biggest driver in this is AI. While it s natural to talk about compute and GPUs (graphics processing units) in the context of AI, it is not to be forgotten that the true enabler for AI is memory . in all the AI engines that we talk about, there is a lot of need to access memory quickly, Anand Ramamoorthy, managing director, Micron Technology India, told Business Standard.
Driven by AI, Micron sees robust chip demand thenorthlines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenorthlines.com Daily Mail and Mail on Sunday newspapers.
Till now, India has not been a contender in the global semiconductors race. Hence, there aren’t really any giant Indian chip-making companies. But now, several firms are pushing the nation’s chip ambitions, , semiconductors, Semiconductor Manufacturing, Applied Materials India, Modi s US Visit
Micron Technology, a leading global semiconductor company, is reportedly on the brink of committing upwards of $1 billion to establish a new chip packaging facility in India. This move, seen as a significant diversification of its geographic operations, comes at a time of escalating tensions between the US and China.