The Next Tech Frontier
- Andrea Zito
- 1 day ago
- 1 min read
This report analyzes the rapid expansion of artificial intelligence infrastructure and advanced semiconductors as a central structural shift in global technology and investment markets. Since 2022, AI-driven demand has reshaped the semiconductor industry, separating traditional cyclical segments from AI-focused “enablers” such as advanced logic, high-bandwidth memory, networking, and cloud infrastructure. These segments are now characterized by unprecedented capital intensity, long-term demand visibility, and strong policy support.
The report provides a detailed overview of market growth dynamics, highlighting the surge in data creation, compute requirements, and hyperscale data center investment. Global semiconductor revenues are projected to approach or exceed USD 1 trillion by 2030, with AI-related hardware accounting for a growing share. Government initiatives in the U.S., Europe, and Asia reinforce the strategic importance of chips and AI infrastructure.
A regional analysis emphasizes Asia’s dominance in semiconductor manufacturing, driven by leading players in Taiwan, South Korea, Japan, and China, while also addressing geopolitical risks, supply-chain concentration, and “friend-shoring” strategies. Europe’s approach is examined through its push for digital sovereignty, combining public investment, regulation, and targeted private-sector involvement to build autonomous cloud and AI capabilities.
The report concludes with a financial and capital markets assessment, covering public equity valuations, capital flows, private equity, venture capital, and sovereign wealth investment. It argues that AI infrastructure and semiconductors represent a durable, long-term investment theme, supported by structural demand growth but exposed to risks such as geopolitical tension, export controls, and potential overcapacity.
See the full report in the link below!
Credits:
Lavinia Catalano (Team Leader)
Pietro Bonacina (Analyst)
Giacomo di Benedetto (Analyst)
Coralie Dumas (Analyst)
Aggie Leung (Analyst)
Panyarat Tangsripong (Analyst)