KPMG & GSA – Global Semiconductor Industry Outlook, 2024

In 2024, companies in the semiconductor industry are focusing on financial growth, R&D spending, and expanding their workforce. The industry anticipates revenue growth in the upcoming year, with a strong emphasis on automotive and artificial intelligence as key drivers. Nevertheless, companies are grappling with operational hurdles like excess inventory and the necessity to broaden their supply chains. Many companies have chosen to delay or are planning to delay capital expenditures due to the current economic climate. Overall, businesses are aiming to enhance their geographical footprint and tackle industry challenges as part of their strategic objectives in the semiconductor sector.