According to Deloitte’s 2025 Semiconductor Industry Outlook, GenAI chips could account for ~20% of total semiconductor revenue in 2024, yet represent less than 0.2% of total wafers (chips) shipped. We’re moving into a world where a small number of powerful chips drive most of the industry’s value. This Outlook also points out that this industry is highly cyclical—it has switched between growth and decline nine times in the past 34 years. VCs investing in chips need to understand both the tech and the timing. #Semiconductors #VentureCapital
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