Artificial intelligence (AI) is a big deal. The technology has incredible potential. According to some experts, it also presents tremendous risks. Even the computing power that enables it is enormous. But what does its development mean for the companies that design and manufacture the components that are needed to advance it even further? In this document, we’ll discuss the impact of AI on the semiconductor industry. In particular, how the release of the chatbot, ChatGPT, has increased demand for processors and memory. We’ll also consider the factors shaping the sector as it develops a new generation of AI-optimized chips.