NYSE:NU News 22 January 2026

January 22, 2026, 12:37 PM EST. The Global Edge AI Hardware Market is set to grow from $26.11 billion in 2025 to $68.85 billion by 2031, at a CAGR of 17.54%. This growth is fueled by rising Internet of Things (IoT) devices and demand for low-latency, on-device processing. Key components include neural processing units (NPUs), graphics processing units (GPUs), and ASICs. The market faces challenges in power efficiency, especially in battery-operated devices. Major sectors benefiting are automotive and healthcare, alongside mobile system-on-chips (SoCs) integrating NPUs. The surge parallels broader semiconductor industry expansion, with global sales reaching $627.6 billion in 2024, driven by AI needs in automotive and industrial sectors. Robust on-device processing is increasingly critical due to strict data privacy rules and the costs of cloud data transmission.