“AI has made it crystal clear: Compute has never mattered more”

AI is taking the world by storm, and the semiconductor industry can’t keep up. Memory prices have skyrocketed because of unprecedented demand, fabless chip designers push for more foundry capacity and lead times on semiconductor manufacturing equipment have doubled. While partly a capacity issue, technology will have to do most of the heavy lifting: The race to deliver more computational power at lower cost and lower energy consumption has intensified dramatically.