Chipmakers to be ‘winners’ | Sunday Observer

Chipmakers to be ‘winners’

16 January, 2022

The metaverse, which requires a massive amount of computing power, is set to benefit global chipmakers — but other tech-related industries could also gain from it, analysts said.

Widely seen as the next generation of the internet, the metaverse refers broadly to a virtual world where humans interact through three-dimensional avatars that can be controlled via virtual reality headsets like Oculus.

Through the metaverse, users can engage in virtual activities such as gaming, virtual concerts or live sports.

The metaverse drew much attention last year, when social networking giant Facebook announced it was changing its name to Meta in October.

Big tech firms will benefit as the technologies related to that virtual world emerge, analysts said. - CNBC