The semiconductor industry is booming and GlobalFoundries is leading the charge. The company’s fastest-growing market this year is not cars, smart phones, or data centers. It’s the Internet of Things (IoT).
IoT is a catch-all term for the growing trend of connecting physical objects – typically appliances – to the internet. This can be anything from a Fitbit to a toaster. And as more and more devices get connected, the demand for semiconductors will only grow.
“We see IoT as a huge opportunity,” said GlobalFoundries CEO Sanjay Jha. “It’s a very fast-growing market and we are well-positioned to participate in that.. We have the technology, we have the manufacturing capability, and we have the customer relationships,” he said. “I think we are uniquely positioned to be a leader in this space.”
Jha said that IoT is already a major focus for the company and that it will only become more important in the years to come.
“IoT is going to be a big part of our growth story,” he said.
GlobalFoundries is in a unique position to capitalize on this trend. The company is one of the few semiconductor manufacturers with the ability to mass-produce the tiny chips that power IoT devices.
GlobalFoundries is not the only company betting big on IoT. Intel, Samsung, and TSMC are all making major investments in the space.
The IoT is still in its early stages, but it is already having a major impact on the world. Connected devices are changing the way we live, work, and play. The IoT is one of the most exciting growth markets in the semiconductor industry today, and it is only going to get bigger in the years to come.