SINGAPORE (July 9): Having control over technology equates to having control over the world. The race for technological dominance has expanded to digital supremacy and next–generation communication networks, which have become the core of technology development. The adoption of and reliance on technological devices due to convenience are only at infancy stages of multi–year trends. However, the Covid–19 crisis has expedited the process.

The 5G communication standard will spur new demand for an entirely new wireless experience, user interface, ecosystem and more importantly, the development of new technology. The establishment of 5G infrastructures, devices and new technology standards presents new investment opportunities in semiconductor and upstream integrated chipset design in the process of redefining broad ranges of connected services.

5G–connected cities have become a reality as countries step up their efforts to join the bandwagon. At the end of 2019, 85 cities in South Korea, 57 cities in China, and 50 cities in the US were already connected with 5G networks, and the number will continue to snowball.

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