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January 4, 2024

VIEWPOINT 2024: Brian Schmaltz, Vice President, Sales and Marketing, NAMICS Technologies, Inc.



VIEWPOINT 2024: Brian Schmaltz, Vice President, Sales and Marketing, NAMICS Technologies, Inc.
Brian Schmaltz, Vice President, Sales and Marketing, NAMICS Technologies, Inc.
In the backdrop of a globally diminishing inflation rate and a buoyant GDP in semiconductor-centric economies, the semiconductor market is poised for a resurgence despite uncertainties. Analysts at IDC, echoing a prevailing optimism, project a recovery from a 12% decline in 2023 to a robust 20% growth in 2024. While the sustainability of this growth amid lingering economic and geopolitical uncertainties remains uncertain, the long-term demand for semiconductor products remains resilient.

Amidst this evolving landscape, the expansion of the global chip market in 2024 will be accentuated by the integration of new markets within the Internet of Things (IoT) framework. Anticipated growth sectors over the next five years include Gaming, AR/VR, Household, Medical, Data Center (Cloud), Advanced driver-assistance systems (ADAS), Artificial Intelligence (AI), and Machine Learning (ML).

The emphasis in these markets will revolve around ensuring the security and safety of data acquisition, storage, and utilization. A discernible trend towards smaller, lighter, and more energy-efficient portable electronics is expected, coupled with faster communication to encrypted data centers that continuously accumulate vast amounts of information. Data acquisition and processing are poised to remain pivotal factors in shaping the industry for years to come.

In September 2023, the Environmental Protection Agency (EPA) solidified a pivotal rule, heralding the release of the largest-ever dataset of per- and polyfluoroalkyl substances (PFAS) manufactured and used in the United States. This landmark regulation aims to equip the EPA, state, local, and tribal governments with actionable data to formulate policies and laws safeguarding against these persistent and hazardous "forever chemicals."

As a vanguard in environmental responsibility, NAMICS Corporation is steadfast in its commitment to producing eco-friendly products, viewing this as a societal obligation. In alignment with our corporate ethos, we pledge to contribute to a sustainable future by offering high-quality advanced materials that will spearhead the next era in the five growth areas of electronics: Semiconductor, Environment, Energy, Device, and System (SEEDS).

We eagerly anticipate progressing into 2024 collaboratively, adhering to ethical and sustainable practices every step of the way.

Brian Schmaltz, Vice President, Sales and Marketing
NAMICS Corporation
http://www.namics-usa.com
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