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62 SMT007 MAGAZINE I SEPTEMBER 2018 Artificial Intelligence Contributes to Growth of China's Semiconductor Industry E Wayne Shiong, partner at China Growth Cap- ital and seasoned venture capitalist, predicts tremendous demand for chip and semiconduc- tor technology due to break-through in artifi- cial intelligence. Telecommunications and Banking Drive ICT Spending in Central and Eastern Europe in 2018 E Total spending on ICT in Central and Eastern Europe will continue its positive momentum to reach $127.3 billion in 2019, according to the new report by International Data Corporation (IDC). Cord Cutting Continues to Gather Steam in Enterprises as Employees Become Increasingly Mobile E The transformation of the access network is in full swing, buoyed by fundamental changes in how people work, the devices they use, and the adoption of new business processes cen- tered around mobility and digital information, according to a study released by IHS Markit. Technology Spending on the IoT in APeJ Valued at $292B in 2018 E IDC projects spending on the Internet of Things (IoT) in Asia/Pacific (excluding Japan) to reach $291.7 billion in 2018, up by 12.1% year-on-year. Apple's Strategy Towards 3D Sensing is Pushing VCSEL Industry E The VCSEL industry took a strategic turn last year with the release of the latest iPhone. Global DRAM Module Market Recorded 69% Growth in 2017 E DRAMeXchange reports that the global sales revenue of DRAM modules for 2017 totaled $11.7 billion, amounting to a significant growth of 69% compared with the previous year. New Business Models Stoke Growth Opportunities in the ASEAN Automotive Industry E Sustained economic growth, infrastructure developments, and automotive OEMs' periodic introduction of models are giving a huge boost to the Association of Southeast Asian Nations (ASEAN) automotive industry. Utility Drones Market to Reach $540M by 2023 E The global utility drone market is expected to grow from an estimated $110.2 million in 2018 to $538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Growing Demand for Edge Computing in IoT E The mobile AI market is expected to reach $17.83 billion by 2023 from $5.11 billion in 2018, at a CAGR of 28.41% during the forecast period. Automotive mmWave Radar Market Expects Rapid Growth E According to the latest research by TrendForce, the automotive mmWave radar market expects rapid growth with the shipment estimated at 65 million units in 2018; and a CAGR of 15% from 2018 to 2023.

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