Artificial intelligence paving way for next-gen chips

Gordon Moore came up with Moore’s Law in 1965, suggesting that every two years, computational progress would become faster, smaller and more efficient. Today, as we stand amidst the digital revolution that has fundamentally altered the foundational concepts of the electronics industry, the hunger for more capabilities and higher performance is driving innovation for the chip design industry.

This has also created a new class of challenges that chip designers must explore and overcome. With the application of artificial intelligence (AI), semiconductor and systems companies can not only design better chips, but also speed time-to-market and save cost. Deloitte Global predicts that the world’s leading semiconductor companies will spend $300 million on internal and third-party AI tools for designing chips in 2023, and that number will grow by 20% annually for the next four years to surpass $500 million in 2026.