For semiconductor technology and patents, 2024 will be a year of expansion
For semiconductor technology and patents, 2024 will be a year of expansion
India's semiconductor sector is expected to experience substantial growth and advancements by 2024, thanks to ongoing infrastructure development, government initiatives, and investments. The SemiconIndia 2023 and Global Partnership on Artificial Intelligence (GPAI) Summit showcased state-of-the-art technologies and drew participation from top global semiconductor businesses.
The G20-DIA Program in Bangalore attracted 109 startups from 23 countries, highlighting India's status as a global center for digital innovation. The sanctioning of Micron's Rs22,516 crore semiconductor plant in Sanand, Gujarat, and the ratification of the Production Linked Incentive (PLI) Scheme 2.0 for IT hardware further strengthen India's status as a global IT manufacturing center. India's commitment to digital innovation is evident in the expansion of the Digital India initiative, rewards for RuPay Debit Cards, and the launch of the AI-powered translation tool Bhashini.
Anticipation builds for the upcoming Vibrant Gujarat Summit, where Gujarat's strategy for Viksit Bharat@2047 will be unveiled. The press release stated that the summit of the G20 Digital Economy Working Group, which took place in Lucknow, emphasized India's substantial role in shaping worldwide digital activities. As the year 2023 draws to a close, this evaluation of the year underscores India's progress in technology, underscoring the nation's commitment to attaining digital superiority and innovation on a worldwide level.
According to IDC's latest research, "chip manufacturers' tight regulation of supply and production has resulted in rising prices since the beginning of November, and the demand for AI in various key sectors will contribute to the overall recovery of the semiconductor sales market by 2024." The semiconductor supply chain, which encompasses design, manufacturing, packaging, and testing, would recover from the downturn by 2023.
The semiconductor sales industry is expected to recover with an annual growth rate of 20% in 2024, driven by a decline in memory output and the increased use of high-priced HBM. The automotive semiconductor market is expected to see significant growth due to advancements in driver assistance systems (ADAS) and infotainment, which are expected to account for 30% and 20%, respectively.
AI applications are expanding from data centers to personal devices, with the rise of creative uses for personal gadgets impacting demand for semiconductors and advanced packaging. The Asia-Pacific market is expected to experience a 14% growth rate by 2024, with vendors actively investing and innovating to stay relevant in the supply chain.
The foundry industry is experiencing a gradual recovery in capacity utilization rates due to increased demand for consumer electronics and artificial intelligence. The global semiconductorfoundry sector is projected to experience double-digit growth next year, with the combined efforts of TSMC, Samsung, and Intel, along with the stabilization of end-user demand, contributing to the market's development.
China's manufacturing capabilities have grown due to the U.S. prohibition, leading to increased production capacity and discounted prices. This has created challenges for non-Chinese foundries and led to a need to reduce inventory of industrial control and automotive IC from late 2023 to early 2024. The 2.5/3D packaging market is projected to experience a 22% compound annual growth rate (CAGR) between 2023 and 2028.
The rise of AI has resulted in an increase in server demand, which relies on TSMC's superior packaging technique, CoWoS. The capacity of CoWoS is predicted to grow by 130% by the latter part of 2024, with more vendors joining the supply chain. This is expected to strengthen the supply of AI chips in 2024 and contribute significantly to the growth of AI adoption.
The growth in demand for innovation and technology will also increase the demand for patent and IP services. As the packaging market continues to expand, the demand for patent and IP services is expected to rise in tandem. This growth in demand for innovation and technology will create opportunities for companies specializing in intellectual property protection and licensing. Additionally, the increasing complexity of AI chips and server technologies may lead to a greater need for legal expertise in navigating intellectual property rights and ensuring proper licensing agreements are in place.
A patent company plays a vital role in contemporary technology by helping individuals and businesses safeguard their intellectual property, namely by obtaining and overseeing patents. Einfolge Technologies can play several important roles in the context of modern technology:
Patent Application Process:Einfolge assists inventors and businesses in creating patent applications that effectively and thoroughly explain the unique features of their ideas.
Filing and Prosecution: We assist clients in submitting patent applications to the appropriate intellectual property offices and manage the prosecution process, handling any concerns presented by patent examiners.
Investment Portfolio Management:
Strategic Planning:Einfolge can aid in creating a strategic blueprint for overseeing and enhancing a client's patent collection. This entails identifying crucial technology, assessing rivals' patents, and matching the patent strategy with corporate objectives.
Portfolio Optimization: They assist clients in evaluating the strength and worth of current patents and determining whether to retain, relinquish, or authorize them.
Enforcement and Legal opinion:
Legal Proceedings: If a patent is infringed, patent businesses can offer legal advice and assistance in enforcing patents through legal action. This entails advocating for customers in a legal setting to protect their intellectual property rights.
Defensive Tactics: A patent firm can assist customers in formulating defensive tactics, such as addressing infringement allegations, engaging in negotiations for licensing agreements, or considering alternatives to litigation.
Thorough Investigation:
Consolidations and Takeovers: Patent companies have a vital function in conducting thorough investigations during consolidations and takeovers. They evaluate the target company's intellectual property assets, finding potential risks and possibilities associated with patents.
Valuation: They assist with evaluating the worth of patent portfolios, which is crucial for financial transactions and investment choices.
Licensing and Technology Transfer: Patent businesses aid in the negotiation and creation of licensing agreements, enabling clients to generate revenue from their patents by authorizing others to utilize, produce, or market their patented ideas.
Technology Transfer: They enable the exchange of technology between organizations, guaranteeing that intellectual property rights are adequately recorded and safeguarded. Opinion Services: Patent firms offer assessments on whether a specific product or procedure would violate current patents, assisting clients in managing potential legal liabilities before introducing a product to the market.
Validity and Infringement Assessments: They provide evaluations on the validity and probable infringement of patents, aiding clients in making well-informed choices about legal strategy. To summarize, a patent firm serves as a legal ally for inventors and enterprises, assisting them in obtaining and utilizing their intellectual property in the fiercely competitive realm of contemporary technology.
By conducting thorough assessments, Einfolge can help clients navigate the complex landscape of intellectual property rights and ensure their innovations are protected. With their expertise in patent law, these firms play a crucial role in safeguarding clients' interests and maximizing the value of their intellectual assets. Ultimately, partnering with a patent firm can be instrumental in achieving success and maintaining a competitive edge in today's rapidly evolving technological landscape.