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70 PCB007 MAGAZINE I MAY 2019 Taiwan's Solar PV Market Aims 1.5 GW in New Installations by 2019 E The year 2018 will prove to be the most disas- trous year for Taiwan's solar PV manufacturers, yet the best year in terms of solar PV system installations downstream, bringing new instal- lations up to 1 GW for the first time in history. The government is now actively pushing to- wards a goal of 1.5 GW in new installations by the end of 2019. As the Economy Slows and Wages Surge, Corporate Profits Likely to Decline E In 2019, surging labor costs and slower revenue growth will likely lead to a decline in corpo- rate profits in both the U.S. and other advanced economies, according to a new study on labor market trends. Smart Speaker Shipments Reached a Record-breaking 7.5 Million Units in Europe in 4Q18 E In the fourth quarter of 2018, the smart home market in Europe (Western Europe and Central and Eastern Europe) reached almost 33 million units, representing 15.1% growth annually, ac- cording to research by International Data Cor- poration (IDC). Double-digit Growth Expected in the Smart Home Market E The global market for smart home devices is expected to grow 26.9% year over year in 2019 to 832.7 million shipments, according to the In- ternational Data Corporation (IDC). Edge AI Hardware Market Shipment to Reach 1559.3 Million Units by 2024 E The edge AI hardware market is expected to register a shipment of 610 million units in 2019 and is likely to reach 1559.3 million units by 2024 at a CAGR of 20.64% during the forecast period. Consumer Augmented Reality Market Continues to Grow E By 2023, the revenues from consumer software and content will reach more than $8.5 billion while consumer AR smart glasses will reach four million-unit shipments by 2023. Semiconductor Industry Calls for Bold Federal Policies E As foreign governments take big steps to ad- vance their domestic semiconductor capabil- ities, new blueprint lays out research, work- force, and trade initiatives needed to help keep America on top in chip technology. Global Business Value of AI in Banking to Reach $300B by 2030 E In 2018, AI in banking business was estimat- ed to be $41.1 billion, which includes the cost savings and efficiencies of introducing AI tech- nology compared to keeping existing infra- structures and processes. March U.S. Manufacturing PMI Dips to Low- est Since June 2017 E The latest PMI signaled a moderate improve- ment in operating conditions across the U.S. manufacturing sector in March, dropping to its lowest level since mid-2017 amid softer in- creases in output and new orders. Semiconductor Manufacturing Equipment Market to Top $101B by 2027 E The global semiconductor manufacturing equipment market accounted for $62.1 billion in 2018 and is expected to grow at a CAGR of 5.2% over the forecast period 2019–2027 to ac- count for $101.58 billion in 2027.

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