Semiconductors are the fundamental enabling technology of modern electronics, including the IoT. All IoT devices require semiconductors such as microcontrollers, sensors, and memory to connect to each other and perform their intended function. The infrastructure to connect all of these devices will also rely on continued innovations in semiconductor technology.
The promise of the IoT to transform our economy will be based, in large part, on the ability of the semiconductor industry to provide high-performing and efficient semiconductors that can connect billions of smart devices across government, industry and the consumer marketplace. This technology has the potential to result in dramatic benefits for the industrial, retail, health care, transportation, and other sectors of society.