Three in Four Semiconductor Executives Expect Supply Chain Challenges to Ease by 2024, Accenture Report Finds
05 Januar 2023 - 1:59PM
Business Wire
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).
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Factors with the greatest impact on
semiconductor innovation in the next year. (Graphic: Business
Wire)
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.
To learn more, read the full report.
About the Report
Accenture surveyed 300 semiconductors executives globally to
understand (1) the industry’s outlook; (2) a technology and product
outlook; and (3) the role of semiconductors in both. Respondents
represented all types of semiconductor companies and were primarily
at the C-suite and EVP/ VP levels. The majority of respondents were
based primarily in The United States, China, Japan, The
Netherlands, South Korea and The United Kingdom and are involved to
an extent in their company’s product strategy, with most in roles
aligning to manufacturing & design and / or enterprise
strategy. The survey was conducted online in September and October
2022.
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading businesses, governments and other
organizations build their digital core, optimize their operations,
accelerate revenue growth and enhance citizen services — creating
tangible value at speed and scale. We are a talent and innovation
led company with 738,000 people serving clients in more than 120
countries. Technology is at the core of change today, and we are
one of the world’s leaders in helping drive that change, with
strong ecosystem relationships. We combine our strength in
technology with unmatched industry experience, functional expertise
and global delivery capability. We are uniquely able to deliver
tangible outcomes because of our broad range of services, solutions
and assets across Strategy & Consulting, Technology,
Operations, Industry X and Accenture Song. These capabilities,
together with our culture of shared success and commitment to
creating 360° value, enable us to help our clients succeed and
build trusted, lasting relationships. We measure our success by the
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partners and communities. Visit us at www.accenture.com.
Copyright © 2022 Accenture. All rights reserved. Accenture and
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Quentin Nolibois Accenture +1 415 741 8356
quentin.nolibois@accenture.com
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