The Global Machine Learning Chip Market is Expected to Grow as AI use Increases

By , in Artificial Intelligence on . Tagged width:

NEW YORK, September 28, 2018 /PRNewswire/ —

According to a report published by Allied Market Research, the global machine learnings chip market was valued at USD 2.4 Billion in 2017 and is expected to reach about USD 37.8 Billion by 2025 while growing at a compound annual growth rate (CAGR) of 40.8% during the forecast periods. The increasing use of artificial intelligence (AI) and machine learning in numerous applications are one of the main factors that drive the market. Based on chip type, the market is segmented into GPU, ASIC, FPGA, CPU, and others. The ASIC segment is expected to surpass the GPU segment in future, in terms of revenue. Based on industry vertical, the market can be segmented into media & advertising, BFSI, IT & telecom, retail, healthcare, automotive & transportation, and others. Squire Mining Ltd. (OTC: SQRMF), Nvidia Corporation (NASDAQ: NVDA), Qualcomm Incorporated (NASDAQ: QCOM), Advanced Micro Devices, Inc. (NASDAQ: AMD), Micron Technology, Inc. (NASDAQ: MU)

Akshay Jadhav, Lead Analyst, Semiconductor & Electronics at AMR, said: “In 2017, the GPU segment dominated the global machine learning chip market in terms of revenue, in the chip type category. However, the others segment is expected to grow at a highest CAGR during the forecast period. Based on technology, the system-on-chip segment is anticipated to dominate the market throughout the forecast period (2018‐2025). Moreover, based on industry vertical, the BFSI segment dominates the overall machine learning chip market. The machine learning chip market signifies a promising future for the technological industry. The current business scenario has witnessed an increase in the adoption of this technology, particularly in the developing regions. The companies have been adopting innovative techniques to provide customers with advanced and innovated product offerings.”

Squire Mining Ltd. (OTCQB: SQRMF) is also listed on the Canadian Securities Exchange under the ticker (CSE: SQR). Earlier this week, the Company announced, “SQUIRE ANNOUNCES SAMSUNG ELECTRONICS AS FOUNDRY PARTNER TO MANUFACTURE ASIC CHIPS, Squire is very pleased to announce Gaonchips as our design house and Samsung Electronics as our chosen foundry partner to manufacture our ASIC chips in Korea. On August 1, 2018, we announced that Squire had engaged an undisclosed arm’s length design fabrication firm to perform the back-end design, testing and initial mass production run of our next generation ASIC chip for mining Bitcoin.  We are delighted that we are now able to disclose Gaonchips as our design house and Samsung Electronics as our foundry partner.

Our front-end development team of engineers and programmers is currently working with Gaonchips to develop the Company’s initial ASIC chip to mine Bitcoin and other associated cryptocurrencies using a wafer process technology that, once confirmed and accepted as meeting certain prescribed specifications and criteria, will form the basis of an initial mass production test run of the ASIC chip by Samsung Electronics.

In addition, once a working FPGA prototype of our initial ASIC chip is developed, we will be able to aggressively accelerate the design and development of our initial mining rig for Bitcoin and associated cryptocurrencies. We anticipate completing a FPGA prototype of our initial ASIC chip by September 30, 2018.”

Nvidia Corporation (NASDAQ: NVDA), in 1999, sparked the growth of the PC gaming market, redefined modern computer graphics, and revolutionized parallel computing. At GTC Japan, in the heart of the robotics revolution, Nvidia Corporation recently introduced the NVIDIA DRIVE AGX Xavier Developer Kit, a platform for building autonomous driving systems. This open, scalable software and hardware solution enables companies to seamlessly develop and test customized autonomous driving technology, streamlining production. The developer kit includes a DRIVE AGX Xavier car computer, along with a vehicle harness to connect the platform to the car, international power supply, camera sensor and other accessories. NVIDIA DRIVE AGX is part of the NVIDIA AGX platform for autonomous machines, powering robots, medical devices and self-driving cars. The NVIDIA DRIVE AGX Xavier Developer Kit platform is scalable, enabling manufacturers to streamline development whether on DRIVE AGX Xavier with a single Xavier system-on-a-chip or DRIVE AGX Pegasus, which integrates dual Xavier SoCs and dual next-generation GPUs. “After several years of working on an autonomous driving computer, the DRIVE AGX Xavier Developer Kit is now available to order,” said NVIDIA founder and Chief Executive Officer Jensen Huang on stage at GTC Japan. “The development of autonomous vehicles is now turbocharged.”

Qualcomm Incorporated (NASDAQ: QCOM) invents breakthrough technologies that transform how the world connects, computes and communicates. China Mobile Research Institute, China Mobile IoT (CMIoT) Company Limited, a wholly-owned subsidiary of China Mobile, and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, recently announced new roadside units (RSUs) for 3rd Generation Partnership Project (3GPP) Release 14 LTE-V2X direct communication (PC5) based on the Qualcomm® 9150 C-V2X chipset solution. Developed by CMIoT and China Mobile Research Institute, the new RSUs will be showcased at the China Mobile booth during the WIoT 2018 expo from September 15-18th.  The cooperation between China Mobile Research Institute, CMIoT and Qualcomm Technologies, Inc. marks the extension of the three companies’ long-term, strategic relationship to the automobile and transportation sector, in which the companies are working together to explore new technologies and applications for intelligent vehicles, while driving the development and maturity of the connected vehicle industry in China.

Advanced Micro Devices, Inc. (NASDAQ: AMD), for more than 45 years, has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the datacenter. AMD recently announced a reimagined family of AMD Athlon desktop processors with Radeon Vega graphics that have been optimized for everyday PC users: the AMD Athlon 200GE, Athlon 220GE, and Athlon 240GE processor. Combining the high-performance x86 “Zen”3 core and “Vega“3 graphics architectures in a versatile System-on-Chip (SOC) design, the Athlon desktop processors offer responsive and reliable computing for a wide range of experiences, from day-to-day needs like web browsing and video streaming through more advanced workloads like high-definition PC gaming. Complementing this news, AMD announced the availability of the commercial-grade Athlon PRO 200GE desktop processor, along with three 2nd Gen Ryzen PRO desktop processor models for the commercial, enterprise, and the public sector: the Ryzen 7 PRO 2700X, Ryzen 7 PRO 2700, and Ryzen 5 PRO 2600 processors. With these new introductions, AMD now offers a top-to-bottom line-up of professional-grade computing solutions for experiences that range from premium content creation to advanced multitasking and office productivity.

Micron Technology, Inc. (NASDAQ: MU) is a world leader in innovative memory solutions. Micron recently announced volume production on its 8Gb GDDR6 memory. Built on experience and execution for several generations of GDDR memory, GDDR6 – Micron’s fastest and most powerful graphics memory designed in Micron’s Munich Development Center – is optimized for a variety of applications that require high performance memory, including artificial intelligence (AI), networking, automotive and graphics processing units (GPUs). Additionally, Micron has worked with core ecosystem partners to ramp GDDR6 documentation and interoperability, enabling faster time to market for designs. Targeting up to 64GB/s in one package, GDDR6 brings a significant improvement over the fastest available GDDR5. This unprecedented level of single-chip performance, using proven, industry-standard BGA packaging provides designers a powerful, cost-efficient and low-risk solution using the most scalable, high-speed discrete memory available to the market. “Micron is a pioneer in developing advanced high bandwidth memory solutions and continues that leadership with GDDR6. Micron demonstrated this leadership by recently achieving throughput up to 20 Gb/s on our GDDR6 solutions,” said Andreas Schlapka, Director, Compute Networking Business Unit, Micron. “In addition to performance increases, Micron has developed a deep partner ecosystem to enable rapid creation of GDDR6 designs, enabling faster time to market for customers looking to leverage this powerful new memory technology.”

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For Squire Mining Ltd. financial news dissemination and PR services, FinancialBuzz.com has been compensated five thousand dollars by bua capital management. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com .

For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879

URL: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com