+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
*/
News Article

Industry expects supply chain challenges to ease by 2024

News

Continued investment in innovation critical to semiconductor growth, including metaverse, digital health, mobility and sustainability.

Three-quarters (76%) of semiconductor executives expect the industry’s supply chain challenges to ease by 2024, yet companies need to be prepared to withstand other market pressures by focusing on investments that will help drive future growth, according to a new study from Accenture (NYSE: ACN).

The report, titled “Pulse of the Semiconductor Industry: Balancing Resilience with Innovation,” is based on a global survey of 300 senior semiconductor executives who evaluate their companies’ supply chain outlooks and innovation roadmaps.

The executives cited challenges that could affect their ability to innovate even as the lingering effects of COVID-19 on the supply chain lift. The other challenges identified most often were geopolitics (cited by 48% of respondents), cybersecurity threats (42%), the changing competitive landscape (39%) and talent shortages (35%), among others. Faced with a changing industry landscape, two-thirds (65%) of the executives said they believe that the rate of Moore’s law — in which the number of transistors in an integrated circuit doubles about every two years — will slow down by 2024. In addition, 56% believe that promoting strong IP protection and enforcement is one of the best ways to enhance the industry’s resilience moving forward.

“As the demand for chips slows down amid inflationary concerns and an easing of the chip shortage, semiconductor businesses face a new set of challenges driven by geopolitics and a growing talent shortage,” said Syed Alam, global lead of Accenture’s High Tech industry practice. “To succeed, companies need to balance being resilient in tough times with continued investments in innovation.”

The report identifies areas for investment that will drive future semiconductor growth, including:

· The Metaverse – Two-thirds (67%) of executives believe that semiconductors are the most critical technology to the development of the metaverse, and 44% of executives expect to allocate more than 20% of their semiconductor production budget to the metaverse by 2024.

· Digital Health – Fitness trackers and smart watches represent the biggest growth opportunity for the industry, as these popular devices will benefit most from improved connectivity enabled by semiconductors.

· Mobility – Extended chip shortages and cost concerns are cited as the biggest roadblocks to mobility’s future, leading 93% of executives to believe that car manufacturers should partner with semiconductor and technology businesses to develop next-generation mobility technologies.

· Sustainability – More than nine in 10 executives (93%) believe that sustainability initiatives will have a positive impact on profitability and create more sustainable consumer products. Sustainability was also cited as the area most likely to play the largest role in the semiconductor value chain within the next five years.
Memory for automotive: A fast-growing and robust market
Toray Engineering establishes European subsidiary
Infineon and Resonac expand cooperation
Infineon increases focus and investment into core semiconductor development
Micron delivers high-performance data centre SSD
SK hynix’s Vice Chairman Park Jung-ho meets with Qualcomm CEO
TSMC publishes December 2022 revenue report
Camera collaboration for software-defined vehicles
Picture perfect automotive SoC?
AMD highlights future of high-performance and adaptive computing
Delivering automotive safety and security solutions
Industry expects supply chain challenges to ease by 2024
Toshiba to expand power semiconductor production capacity
SK hynix to showcase energy-efficient, high-performance memory at CES 2023
VIS joins RE100 and pledges to source 100% renewable energy by 2040
Arm Holdings to power Saudi Arabia’s healthcare transformation
TSMC holds 3nm volume production and capacity expansion ceremony
UMC leads (again) semiconductor foundries in the 2022 Dow Jones Sustainability Indices
Brewer Science presents 'Future of Water Condition Monitoring' at CES 2023
Magnachip introduces 8th-Gen 150V MXT MOSFET for light electric vehicles
First EUV light marks key milestone for production of Intel 4 in Europe
IBM and Rapidus form strategic partnership
TI’s latest 300-millimeter wafer fab in Lehi, Utah, begins production
ASU to advance proposal for CHIPS and Science Act funding
Using sensor technology to protect vulnerable regions
InfraTec Celebrates Topping-Out Ceremony in Dresden
Imec enables tight standard cell boundary scaling
Photonis announces agreement to acquire Xenics, a leader in Infra-Red imaging solutions
Phlux Technology Secures £4m in Seed Funding
Start-ups: build up your ecosystem
Trends in the semiconductor industry
Advantest Unveils E5620 DR-SEM for Review and Classification of Ultra-Small Photomask Defects

{inStory3}
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: