The need for chips will skyrocket in the coming decade and experts are seeing opportunities for Estonian businesses in chip design and verification and the testing of the security of chips, according to a report by an Estonian think tank.
According to a report by the Foresight Centre, a parliamentary think tank, the global market volume of chips and embedded systems is estimated at about €550 billion and the sector is projected to increase to a trillion by 2030.
“It is not very likely that large chip plants will be set up in Estonia because this would involve large investment needs and high risk, but we have a potential in small and serial production of chips as well as in special solutions,” Uku Varblane, the head of research at the Foresight Centre, pointed out.