Semiconductor companies will hit historic revenue highs this year, despite chip shortages and supply chain issues, according to a new Deloitte report.
For the first time, the industry is expected to earn over $600 billion globally, despite an anticipated slowing in growth. In 2022, growth is predicted to reach 10%, compared to 25% growth in 2021.
There are four key trends expected to shape the industry in the year ahead.
- Chips are going to be more important than ever, with increased semiconductor content in everything from cars to appliances to factories, in addition to the usual products such as computers, data centres, and smartphones.
- Shortages and supply chain issues will be front and centre for the first half of 2022, and hopefully ease by the second half.
- There is a talent shortage in the industry that won’t be resolved quickly.
- Digital transformation within the semiconductor industry will continue and accelerate.
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