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

Innovation Index: Are You Prepared to Shift from Survival to Growth?

Oxford Economics and NTT Data fielded a survey of 1,000 North American business and IT executives in 2022 to uncover future strategies to mitigate disruption.

Find Out More

Post

Reinventing for growth in a changing media landscape

Oxford Economics partnered with Accenture to survey 6,000 consumers around the world about their media and entertainment habits, experiences, and preferences.

Find Out More

Post

Data Center Impacts

Oxford Economics specializes in characterizing the impacts of data centers.

Find Out More