There will possibly a turnaround based on who can keep up with Moores law. Not many companies are able to do that, it will see them diminishing, more innovations at that pace will certainly help the company to grow faster.
Someone better stop by TI and let them know they are not a broadline supplier - they are the largest supplier in the world of standard analog and logic. Might also want to check in with ST to see what they really do and, while you're at it, look into the Korean and Japanese companies (don't let it get out, but it's DRAM that drove the Japanese up in 1988 and it's a combination of DRAM and NAND Flash driving the Asian results in 2008).
While I thing the prediction of applications specific, which would include Intel and Qualcomm, and memory as the big revenue drivers for the leaders in 2018, the history lesson is way off base.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Are the design challenges the same as with embedded systems, but with a little developer- and IT-skills added in? What do engineers need to know? Rick Merritt talks with two experts about the tools and best options for designing IoT devices in 2016. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.