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

The changing energy order

Post

The changing energy order

To understand how the G20 countries are progressing in the energy transition, Oxford Economics PwC collaborated with PwC to create the Changing Energy Order Index. The index combines data from international economic organizations like the OECD and World Bank with with Oxford's own forecasts to evaluate each country's progress across five key pillars.

Find Out More

Post

The Economic Impact of the Aura Network

This study demonstrates the economic importance of digital infrastructure by providing a comprehensive analysis of how high-capacity data connectivity underpins Australia’s future prosperity. We analyse how Telstra InfraCo’s Aura Network -a $1.6 billion nation-building fibre investment supports productivity, innovation, and competitiveness across Australia’s digital economy, while strengthening the nation’s position within the Asia-Pacific region.

Find Out More

Post

Half-Built Britain: Unlocking the Nation’s Infrastructure Growth Plans

Half-built Britain – unlocking the nation’s infrastructure growth plans has been written for the Construction Plant-hire Association. It investigates how the government's plans translate into action on the ground through the lens of three major policy releases over the summer of 2025—the Comprehensive Spending Review, Industrial Strategy, and National Infrastructure Strategy.

Find Out More
[autopilot_shortcode]