The communication industry has displaced the PC market as the driving force behind the semiconductor industry, the head of Texas Instruments has claimed.
TI chief executive Tom Engibous told delegates at the Sanford C Bernstein conference in the US this week that the health of the chip market was now closely linked to the burgeoning communications technology market.
"As important as PCs have been, we believe the new driver is communications and the need to be connected," Engibous said.
"You see this new driver already at work in technologies such as the Internet, in networking equipment, in digital wireless phones. We see the primary catalyst for growth coming from the evolution of communications and the eventual linkage of all your digital devices," he said.
TI's own fortunes are also inextricably linked with the comms sector. Over the past four years, the former notebook manufacturer and software developer has focused its attention on becoming a dominant developer of digital signal processing technology (DSP).
This market is predicted to continue growing at 30 per cent for the next five years and is expected to be worth as much as $40 billion by 2002.
"The growing complexity of wireless applications will mean greater demand for DSP processing power," Engibous said.
To comment on this story, email [email protected]
Latest Tesla news: Tesla stock price tanks amid reports of 'widening probe' by SEC and claims the base Model 3 loses money
SEC 'probe' takes its toll on Tesla as new research suggests that Tesla loses $6,000 on every $35,000 Model 3
10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC
'Notorious' Australian child hacker thought he had executed 'flawless' hack
The former employee says that Tesla fired him for bringing the accusations to management internally