SEMI CEO Predicts Sustained Semiconductor 'Super Cycle' Driven by AI and Quantum Computing

Ajit Manocha, President and CEO of SEMI, stated that the semiconductor industry is entering a 'super cycle' that will only go up, projecting industry revenue at $1.8 trillion to $2 trillion. He attributes this growth to the demand from artificial intelligence for this decade and quantum computing for the next. Manocha also noted that every memory company is aggressively investing in capacity, signaling a departure from previous boom-and-bust cycles.