Semiconductor maker MagnaChip Semiconductor Corporation (MX) launched a new manufacturing process technology that will prove crucial to the growth of Internet of Things (IoT). The process will support low-power IoT applications and minimize costs as well.
MagnaChip’s new technology has significant applications in end markets such as mobiles, wireless sensors, wearables and energy harvesting.
The Technology
The new 0.18 micron premium mixed signal, low-power manufacturing process technology’s features include 1.8V n and p-channel MOSFETs with low leakage current and low threshold voltage. These features can be translated into SoC (System on a Chip) designs that can operate on low power consumption.
The process uses conventional, lower-cost silicon wafers, which give it a distinctive edge as it offers improved latch-up immunity and lower leakage current over voltage and temperature.
Compatibility
The technology will be compatible with MagnaChip's standard logic processes, which includes high k metal-insulator-metal capacitor, low-noise transistors for analog blocks, low-cost aluminum top metallization, copper wire bonding compatibility and redistribution layer process options. Additionally, the process can power DC-DC boost converters with very low start-up voltage, thus optimizing them for IoT applications.
MagnaChip’s new technology will enable IoT devices to efficiently function on power sources like thermoelectric generators, solar cells, electromagnetic harvesters and vibration energy harvesters.
Scope of the IoT Market
The IoT concept foresees billions of connected devices and systems with applications ranging from sensors and mobile devices to home appliances and cars. According to the latest research by Gartner, the world's leading information technology research and advisory company, the IoT market for processing, communications and sensing will be one of the fastest-growing segments of the semiconductor market. It is estimated to grow at 36.2% in 2015, relative to an expected overall semiconductor market growth of 5.7%.
Gartner also forecasts a compound annual growth rate in revenues of about 29.2% till 2020, indicating that the demand is expected to be strong and sustainable. These revenues will be driven by the massive scale of low-cost devices that will permeate every conceivable industry.
Research indicates that low-cost products and processes, that will be feasible for use in everyday devices, will be the leading enablers of IoT. Thus, companies like MagnaChip, with deep focus on cost-reductive technologies, will gain the most from the continued proliferation of IoT devices.
MagnaChip currently holds a Zacks Rank #3 (Hold). Other better-ranked semiconductor plays include Ambarella, Inc. (AMBA), AXT Inc. (AXTI) and Pericom Semiconductor Corp. (PSEM), each sporting a Zacks Rank #1 (Strong Buy).
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