A brand new Accenture study exhibits that 76% of semiconductor producers count on the trade’s provide chain challenges to ease by 2024, however corporations should be ready to face different market pressures by specializing in investments that can assist drive future progress.
The report, titled “The Pulse of the Semiconductor Industry: Balancing Sustainability with Innovation,” is predicated on a world survey of 300 senior semiconductor executives who assess their corporations’ provide chain views and innovation roadmaps.
Sustainability was additionally recognized as the world more than likely to play the most important function within the semiconductor worth chain over the following 5 years.
Executives cited challenges that might have an effect on their potential to innovate, even because the lingering results of Covid-19 on the provision chain enhance. The different mostly recognized challenges had been geopolitics (cited by 48% of respondents), cybersecurity threats (42%), altering aggressive panorama (39%) and expertise shortages (35%), amongst others.
Amid a altering trade, two-thirds (65%) of executives mentioned they imagine the speed of Moore’s Law, wherein the variety of built-in circuit transistors doubles roughly each two years, will decline by 2024. 56% of them suppose so. that selling sturdy IP safety and enforcement is among the greatest methods to enhance the trade’s resilience sooner or later.
As chip demand eases amid inflation issues and easing shortages, semiconductor corporations face new challenges due to geopolitics and rising expertise shortages,” mentioned Syed Alam, international chief of the chip trade observe. High Tech by Accenture. “To succeed, corporations should steadiness flexibility with continued funding in innovation throughout difficult instances,” he famous.
The report identifies funding areas that can drive future semiconductor progress, together with:
Metaverse – Two-thirds of executives (67%) imagine that semiconductors are crucial expertise for creating the Metaverse, and 44% of executives count on Metaverse to allocate greater than 20% of their semiconductor manufacturing funds by 2024.
digital well being – Fitness trackers and smartwatches characterize the most important progress alternative for the trade, as these widespread units will profit probably the most from enhanced connectivity enabled by semiconductors.
Mobility – Chronic chip shortages and price issues are cited as the most important obstacles to the way forward for mobility, main 93% of executives to imagine that automakers ought to associate with semiconductor and expertise corporations to develop mobility mobility applied sciences. The final era.
Stability – More than 9 in ten executives (93%) imagine that sustainability initiatives could have a constructive affect on profitability and create extra sustainable client merchandise. Sustainability was additionally recognized as the world more than likely to play the most important function within the semiconductor worth chain over the following 5 years.
Service:
www.accenture.com
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