KPMG released the "2024 Global Semiconductor Industry Survey": More than 80% of senior executives in the semiconductor industry are optimistic about i

2024/04/30

Central News Agency Information Platform

April 26, 2024

Source: KPMG Anhou Jianye

KPMG Anhou Jianye released the "2024 KPMG Global Semiconductor Industry Outlook" today (26th). This report interviewed 172 senior executives of the semiconductor industry around the world. It focuses on the ecosystem, financial operations, and The survey was conducted on strategic planning and other aspects. Although there are still economic headwinds and geopolitical uncertainties in the global market, the respondents remain optimistic about the outlook and prospects for 2024 and beyond.

More than 80% of semiconductor industry leaders believe that industry revenue will continue to grow steadily in 2024
According to the survey, more than half (51%) of senior executives in the semiconductor industry said that they expect to slow down capital expenditures and defer investment in R&D this year, indicating that due to the impact of high inflation and high interest rates in the global economy, the economic boom is weak and terminal consumption is recovering. Although the semiconductor industry confidence index has not yet recovered, it continues the optimistic attitude of industry executives in 2023. Although it is negatively affected by the global market recession, the 2024 semiconductor industry confidence index still reaches 54 points, slightly lower than last year's 56 points. Despite this, senior executives in the semiconductor industry are still very optimistic about the growth of corporate revenue. 85% of senior executives in the semiconductor industry predict that industry revenue will grow in the next year, which is the same as last year (64%). The results are much more optimistic.

58% of semiconductor industry executives plan to diversify their supply chain within the next three years
KPMG technology, media and telecommunications industry chief accountant Zheng Anzhi said that Taiwanese companies have high competitiveness in cutting-edge manufacturing processes, IC design and packaging industries, and the strength of operators in the United States, Japan, South Korea and other countries cannot be underestimated. Other countries such as China, Governments such as Germany, India, Singapore, and Malaysia are also actively supporting the semiconductor industry, hoping to use national power to win the most important industry in economic development. Therefore, in the face of the strong support from other countries' governments and the hope of driving economic growth through the development of localized semiconductor industries, Taiwanese industry players should also consider whether they can take advantage of the trend to engage in multinational enterprise consolidation and investment layout, diversify geopolitical risks, and do a good job Supply chain layout management should be included as a reference factor for enterprises to evaluate risks and rewards. According to the survey, "adopting geographical diversification of the supply chain" has become a key issue in the semiconductor industry for two consecutive years. Amid global geopolitical tensions and the nationalization of semiconductor technology, 58% of senior executives in the semiconductor industry plan to In the next three years, we will implement the goal of supply chain diversification and significantly reduce the worry of chain interruption by strengthening supply chain management.

Electric vehicles and artificial intelligence are regarded as the industries driving the highest revenue growth in the semiconductor industry
The automotive industry has subverted the traditional past model and is developing towards smart, self-driving and connected electric vehicles. Application functions are more complex, and the required computing requirements are becoming more and more specialized, driving automotive semiconductors to play a vital role. According to surveys, automotive chips have been the industry driving the highest semiconductor growth for two consecutive years. The second-place artificial intelligence (AI) has exploded in application in recent years, driving the revenue growth indicator from 3.4 in the past to 3.7, jumping to 3.7 in one fell swoop. The second largest application of popular semiconductor components has significantly improved its position in the semiconductor industry; while the wireless communications industry, which used to dominate, has fallen to third place, tied with the Internet of Things and cloud computing. It is worth mentioning that microprocessors (Microprocessors) are regarded as the potential products with the greatest opportunity to promote substantial growth in the semiconductor industry.

Talent retention and supply chain diversification are top strategies for the semiconductor industry
The demand for emerging technology products is rising, and technological upgrading and production capacity expansion have also highlighted the problem of talent shortage. According to the report, the biggest challenge for the industry in the next three years is "talent risk", and it has faced the same dilemma for three consecutive years. In addition, non-traditional semiconductor companies (such as technology giants, silicon wafer supply platforms, automobile companies, etc.) have successively joined in independent research and development Chips, this move has caused a greater impact on the semiconductor industry, which is already facing a shortage of talents. More than half (53%) of semiconductor senior executives said that talent retention and cultivation development are the most important development strategies for the company in the future; in addition, according to KPMG's "2023 "Global Automotive Industry Senior Executives Survey Report" shows that nearly half (46%) of auto industry senior executives are extremely worried about the supply continuity of semiconductor components in the next five years. In order to reduce supply chain risks, many automakers have established chip The department is committed to developing its own automotive chips or signing long-term supply contracts with semiconductor companies to get rid of the chip shortage.

Introducing Gen AI and improving supply chain visibility, traceability, and transparency are strategies for continued growth
In line with the continued development of the semiconductor industry, the top operating strategy of senior executives is still talent development and retention. More than half (52%) of the respondents expressed that they are very worried about the shortage of talents and labor. Zheng Anzhi said that although artificial intelligence applications can be used to alleviate the problem of talent There is a shortage of auxiliary tools, but Taiwan is facing the phenomenon of declining birthrate. Companies can strengthen the "cultivation of future talent pool", apply emerging technologies, introduce hybrid office models, and recruit non-traditional talents to survive in the tight labor market. Expand the talent pool; in addition, the semiconductor industry’s development strategy for the next three years includes “introduction of generative artificial intelligence (Gen AI)”. According to KPMG’s “generative AI survey report: Technology, Media, and Telecom”, 60% of technology Senior executives in the industry strongly agree that after companies introduce Gen AI, they will have more competitive advantages than their peers. Zheng Anzhi also suggested that companies should formulate Gen AI strategies as soon as possible to gain market pioneer advantages and reserve energy for success; in addition, in advanced Driven by technology, the semiconductor supply chain can help companies improve efficiency and reduce errors by embracing "smart supply chain", while improving supply chain visibility, traceability, and transparency, giving companies the ability to significantly reduce the occurrence of supply chain disruptions, and more Respond to supply chain risks flexibly and agilely.

Through the above enhanced deployment, enterprises can quickly adjust their operating strategies and reduce losses when facing market uncertainty and external shocks. It is also one of the key strategies to promote the sustainable development of enterprises and bring considerable competition to enterprises. Advantage.

2024 Global Semiconductor Industry Survey
KPMG released the "Global Semiconductor Industry Survey" for the 19th year. The survey was jointly completed by KPMG global headquarters and the Global Semiconductor Alliance (GSA) in the fourth quarter of 2023. This time, a questionnaire survey was conducted on 172 senior executives of the semiconductor industry. , 46% of the respondents were from the United States, 21% from the Asia-Pacific region, and 33% from Europe and other countries.

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