Ungated Post | 11 Oct 2014
Enabling the Hyperconnected Age: The role of semiconductors
The semiconductor is one of the most pervasive and powerful inventions in human history—the material core of the Internet age. In a recent poll of scientists, historians, and technologists, asked to rank the top innovations since the wheel, the semiconductor came in fourth—just behind the printing press, electricity, and penicillin, but ahead of eyeglasses, paper, and the steam engine. An Oxford Economics analysis found that the semiconductor contributed $2.7 trillion in global GDP in 2012, and directly supported 1.3 million high-value jobs.
As our planet grows ever more connected and our societies become more able to measure, analyze, and predict behaviors in the physical world, continued advances in the capabilities of the semiconductor will help whole new industries flourish, while stimulating further dramatic increases in global productivity, economic growth, innovation, and sustainability. As a result, it will be crucial for policy-makers to support a healthy semiconductor ecosystem, and for educators to provide a steady stream of young minds to reach new frontiers.
Click here to read the full report.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia Pacific
Peter Suomi
+65 6850 0110
Email
EMEA
Aoife Pearson
+44 (0)203 910 8054
Email
Related Services
Post
KPMG M&A Outlook 2026: Between Uncertainty, Resilience, and Seizing Opportunities
Discover how Germany’s M&A landscape is evolving – with a focus on growth, AI and post-merger value creation.
Find Out More
Post
Silver, the next generation metal
This report highlights the critical role silver plays in data centres and artificial intelligence (AI), automotive and electric vehicles (EVs), and solar energy photovoltaics (PVs). With these sectors expected to expand significantly over the coming years, we expect future silver demand to be strong.
Find Out More
Post
Powering the UK Data Boom: The Nuclear Solution to the UK’s Data Centre Energy Crunch
The UK’s data centre sector is expanding rapidly as digitalisation, cloud computing, and artificial intelligence (AI) drive surging demand for high-performance computing infrastructure.
Find Out More
