AI chip revenue to top US$53 billion this year: Gartner

Gartner‘s latest forecast predicts that revenue from semiconductors designed for artificial intelligence (AI) workloads will hit US$53.4 billion this year, an increase of 20.9 per cent over 2022. Those double-digit increases will continue through the end of the forecast period in 2027, when AI chip revenue is expected to reach US$119.4 billion.

“The developments in generative AI and the increasing use of a wide range AI-based applications in data centers, edge infrastructure and endpoint devices require the deployment of high performance graphics processing units (GPUs) and optimized semiconductor devices,” said Alan Priestley, VP Analyst at Gartner. “This is driving the production and deployment of AI chips.”

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