The Metaverse is the next evolution in social technologies and the successor to the mobile internet. But what is the role of the semiconductor industry in facilitating the Metaverse? And why should semiconductor companies invest in this field? What new experiences and value will users get from such investments? In this talk, we will discuss these questions and a point of view on the answers. We will explore some key enabling technologies for Augmented Reality and Virtual Reality. These technologies will actualize the Metaverse vision and will usher in a new paradigm of human-computer interaction. We believe these technologies will also fuel the next two decades of semiconductor innovation.