The global neuromorphic chip market to exhibit moderate growth during the next five years.
SHERIDAN, WYOMING, UNITED STATES, November 28, 2021 /EINPresswire.com/ — According to IMARC Group latest report titled” Neuromorphic Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the market is currently witnessing strong growth. The global neuromorphic chip market to exhibit moderate growth during the next five years. A neuromorphic chip refers to an application-specific integrated circuit (ASIC) microchip that is designed to mimic the functions of the human brain and nervous system. It involves the utilization of very-large-scale-integrated (VLSI) systems and software solutions to imitate the human way of recognizing and thinking. Neuromorphic chips are equipped with neurons and artificial synapses, which are manufactured using silicon that helps the system to process like a human brain. They find wide-ranging applications in robotics and neuroscience research.
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