Demand for Chips Will Keep Growing: GlobalFoundries CEO

The video discusses the semiconductor industry's efforts to meet growing demand by increasing capacity. It highlights the significant investments being made, such as a $6.5 billion plan to boost output by 1.6 times by 2023. The industry, valued at half a trillion dollars, is expected to double in size over the next 8-10 years due to the pervasive use of semiconductors in society. Despite concerns about overcapacity, the analysis suggests that demand will continue to outpace supply, necessitating further capacity expansion.

Discuss the significance of semiconductors in modern society as mentioned in the text.

What is the consensus view regarding the capacity being added to meet demand in the semiconductor industry?