PRISM MarketView has launched the PRISM Emerging Semiconductors Index, a thematic equity index designed to track emerging semiconductor companies working across chip design, manufacturing, materials, and equipment. The move comes as demand for advanced chips continues to surge, driven by applications in artificial intelligence, data centers, automotive systems, and next-generation electronics.
Industry analysts expect the global semiconductor market to cross the $1 trillion mark by the end of the decade.
This growth is being fueled by large-scale AI infrastructure investments, electrification trends, and the rising need for high-performance computing.
At the same time, shifting geopolitical priorities are pushing governments to strengthen domestic chip production, giving smaller, specialized companies a more strategic role in the supply chain.
The industry itself is evolving, with innovation expanding beyond traditional chipmakers. Advances in AI, edge computing, and advanced packaging are opening up opportunities across the ecosystem, from AI accelerators and custom silicon to power semiconductors and specialty materials.
As capital spending increases and supply chains become more localized, these emerging players are becoming increasingly important.
PRISM MarketView in its Emerging Semiconductor Index highlighted several companies that reflect this next phase of semiconductor innovation:
Everspin Technologies, Inc. focuses on Magnetoresistive Random Access Memory (MRAM), offering high-reliability, persistent memory solutions for applications such as AI, edge computing, and defense. Its technology is particularly valued for energy efficiency and data integrity in demanding environments. Recently, the company secured a $40 million agreement with a U.S. defense contractor to supply Toggle MRAM process technology and engineering services, reinforcing its position in secure, domestic semiconductor development.
QuickLogic Corporation develops ultra-low-power FPGA and embedded FPGA (eFPGA) solutions tailored for edge AI, sensor processing, and adaptive computing in sectors like automotive, industrial, and defense. Its platforms enable efficient, reconfigurable AI workloads where power consumption and latency are critical. The company has recently expanded its design wins, secured a $10 million revolving credit facility, and is set to showcase its EOS™ S3 SoC at Sensors Converge 2026.
Applied Optoelectronics, Inc. specializes in fiber-optic components, delivering high-speed connectivity solutions for hyperscale data centers and broadband networks. Its products support the growing bandwidth demands of large-scale computing environments. 
The company has already secured over $324 million in orders for 800G and 1.6T solutions and is scaling its manufacturing capacity to meet demand from cloud infrastructure providers.
inTEST Corporation provides testing and process solutions for semiconductor manufacturing and advanced electronics, helping validate chips used in AI, automotive, and defense applications. In Q1 2026, the company reported a 27.2% year-over-year revenue increase to $33.9 million, with gross margins improving to 45.5%. It also returned to profitability, posting net earnings of $0.8 million. Reflecting stronger market conditions, inTEST has raised its full-year 2026 revenue guidance to between $130 million and $135 million.
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