Signal The AI chip market is projected to quadruple to $500bn by 2029 while sovereign cloud triples

Summary

NTT DATA presents market forecasts for four segments related to sovereign silicon between 2024 and 2029, some of them internal estimates. The global semiconductor market is expected to rise from 540.7 billion dollars to 892.6 billion, about 10.6 percent a year. Advanced packaging is forecast to grow at a similar rate, from 42.0 billion to 76.0 billion dollars. Sovereign cloud is projected to roughly triple, from 124.1 billion to 377.7 billion, at 24.6 percent annually. The AI chip market shows the steepest climb, from 120.0 billion to 500.0 billion dollars at 35 percent a year, and the report says AI-driven demand is fuelling sovereign chip investment at unprecedented scale.