In data: global skills shortage set to delay AI chip development [Yahoo! Finance]
Intel Corporation (INTC)
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Source: Yahoo! Finance
GlobalData's executive briefing on AI notes that the AI chip market is set to be worth over $116bn by 2030. AI chips are predicted to account for nearly 30% of the global chip market by 2030 according to research from GlobalData. Despite this forecasted growth, a global shortage of skilled workers could greatly delay the development of advanced AI chips. In its briefing, GlobalData cited a study conducted by industry group Semiconductor Industry Association (SIA) which suggested that around 67,000 jobs will go unfilled in the US' chip market by 2030. Technicians, engineers and computer scientists will be among the most affected job postings according to the SIA. Job postings for technicians are expected to grow by 36% between 2023 and 2030. GlobalData noted that the global chip market finally saw an end to its volatility in Q1 2024 following a tumultuous period following the COVID-19 Pandemic, which caused a huge rise in demand for consumer handheld electronics. However,
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