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AI and ML are driving the next generation of technology, with a range of innovations powered by these new technologies. At the core of the AI and ML revolution are integrated circuits, which are considered as the accelerators of the chips. The AI and ML chip market has been experiencing steady growth in recent years and is projected to hit $383.7 by the year 2032. Consumer demands, rising need to integrate AI features on different consumer devices, and the need for AI enterprise solutions are some of the factors driving the high demand for AI chips. The production of these chips is also directly tied to AI, with AI being used to design and manufacture IC chips.