MILPITAS, Calif. ─ July 2, 2024 ─ SEMI, the industry association serving the global electronics manufacturing and design supply chain, today announced the formation of a governing council for its Smart MedTech Initiative that will guide the initiative in its vision to revolutionize global healthcare through innovation, democratization, and pioneering advances in preventative care.
“The Healthcare Revolution will shift from a provider-centric to a personalized care model with success critically dependent upon microelectronics and related technology,” said Gity Samadi, SEMI Smart MedTech initiative lead. “Our newly elected Smart MedTech Governing Council will advise on the initiative’s efforts to provide funding, knowledge, and collaboration opportunities to proactively build an ecosystem that can drive healthcare and medical electronics innovation toward products that serve society faster.”
Newly Formed SMART MedTech Governing Council
Brewer Science, Inc.
Deloitte
Eli Lilly and Co.
GE HealthCare Technology and Innovation Center
Merck KGaA, Darmstadt, Germany
Molex
Rogue Valley Microdevices, Inc.
SEMI
Tapecon, Inc.
UES, Inc.
University of California, San Diego
The Smart MedTech initiative’s mission is to lead the convergence of the semiconductor and medical industries, bridging life sciences and engineering to transform healthcare. By focusing on wearables, AI, and commercialization strategies, the initiative aims to democratize healthcare access and reduce costs through preventative solutions. Central to this transformation are microelectronics and associated technologies. Through collaboration with regulatory bodies, industry leaders, and academia, the Smart MedTech initiative drives technology development and market adoption to enhance healthcare accessibility. Visit the Smart MedTech Initiative for updates on activities and events.
Smart MedTech at SEMICON West 2024
SEMI will host two Smart MedTech Innovation Sessions on July 11 at SEMICON West 2024 at Moscone Center in San Francisco:
Emerging MedTech Monitoring Technologies
MedTech Commercialization
About SEMI
SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
Association Contact
Samer Bahou/SEMI US
Phone: 1.408.943.7870
Email: [email protected]
Themed 
Co-located with SEMICON West 2024, the
“The electronic design automation (EDA) industry continued to report strong revenue growth in Q1 2024,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report. “All product categories reported increases, with CAE, IC Physical, Semiconductor IP and Services posting double-digit upticks. Further, all geographic regions reported growth, with the Americas and Asia Pacific logging double-digit revenue gains.”
Leading-edge capacity for 5nm nodes and under is expected to grow 13% in 2024, chiefly driven by generative artificial intelligence (AI) for data center training, inference, and leading-edge devices. To increase processing power efficiency, chipmakers including Intel, Samsung, and TSMC are poised to start production of 2nm Gate-All-Around (GAA) chips, boosting total leading-edge capacity growth by 17% in 2025.
The program is funded by the
“As a result of the U.S. Department of Commerce’s decision to change course on issuing a third Notice of Funding Opportunity for commercial R&D under the CHIPS and Science Act, the program now faces a funding headwind to fully meet its mandate. The shift was necessitated by legislative actions directing a $3.5 billion investment in secure enclave. We strongly support a legislative solution to bridge this funding gap for the CHIPS Program Office. The Senate Commerce Committee will consider the solution – Section 602 of the Spectrum and National Security Act – this week.”
"SEMI Europe looks forward to welcoming leading experts in Dresden. With exceptional speakers and a brand-new exhibition, the Summit offers insights into cutting-edge heterogeneous integration innovations essential for semiconductor applications, driving the advancement of intelligent systems," said Laith Altimime, President of SEMI Europe.
“Growing demand for low-carbon energy (LCE) electricity is a concern for all manufacturing sectors, but especially for semiconductors as they are critical to many aspects of economic growth and the engine of the information economy,“ said Dr. Mousumi Bhat, Vice President of Sustainability Programs at SEMI. “Transitioning to LCE is vital for the chip industry to meet its commitments to decarbonize. Reducing the carbon footprint of South Korea’s production of chips and the electronic devices they enable is a key part of this work.”