When will the chip shortage be resolved? According to the "2022 Global Semiconductor Industry Survey" jointly released by KPMG, 56% of leaders believe that the chip shortage will end by 2023, while 42% of leaders believe that the shortage will be by the end of 2022 end before.However, the U.S. semiconductor industry is relatively conservative. According to the report, 65% of U.S. semiconductor industry executives are conservative, believing that the supply-demand imbalance will persist through 2023.
KPMG today released the global Semiconductor Industry Survey 2022, which explores the expectations for the global semiconductor industry in 2022 in terms of operations and finance, application and product expansion, key industry issues and corporate priorities.
According to the survey, the top operational strategy for semiconductor executives remains talent development and retention, with a majority of respondents concerned about the loss of talent by tech giants and about 19% of respondents seeing non-traditional chip developers as a serious competitive threat.
With 88% of semiconductor companies expecting a significant increase in the global workforce in the coming year, talent development and retention strategies are important. There are also reports that in recent years, companies in the non-semiconductor industry have also begun to develop their own chips, making the semiconductor industry, which is already short of talent, face a greater impact.
The report mentions that the geopolitical factors that industry professionals around the world are most concerned about are, in order, Taiwan's important position in the global semiconductor industry supply chain, the nationalization of chip technology and intellectual property, tariffs and constantly updated trade agreements. The talent shortage not only affects the semiconductor industry, if the talent shortage persists, the semiconductor industry may also turn to other technology industries to compete for talent.
The survey also found that industry leaders' confidence in their finances and operations is at an all-time high, despite supply chain challenges facing the global semiconductor industry. A whopping 95 percent of leaders expect revenue to grow in the coming year, and more than a third (34 percent) expect their revenue to grow by more than 20 percent. The survey noted that nearly 90 percent of industry leaders believe their global workforce will increase in 2022, with the share of leaders expected to increase by nearly 40 percent from last year.
Lincoln Clark, global semiconductor industry leader at KPMG, said the semiconductor industry will still generate record revenue of more than $600 billion in 2022 despite supply chain and talent headwinds, and confidence in industrial growth will likely continue to grow in the years ahead as Economic pressure subsided.
