TAIPEI (TVBS News) — A recent survey by KPMG, released on Friday (April 26), reveals a strong sense of optimism among senior executives in the global semiconductor industry, despite facing economic and geopolitical challenges. The "2024 Global Semiconductor Industry Survey" interviewed 172 senior executives worldwide, finding that 85% anticipate steady revenue growth this year.
The survey indicates a cautious approach towards spending, with about 51% of executives planning to cut capital expenditures and delay investments in research and development. This reflects the industry's response to global economic inflation and high interest rates. However, the optimism for revenue growth has significantly increased from 64% last year to 85% this year, showcasing a resilient outlook for the future.
Archie Cheng (鄭安志), KPMG's technology, media, and telecommunications industry lead auditor, praised the competitive strengths of Taiwanese companies in advanced manufacturing processes, IC design, and packaging. He also acknowledged the formidable capabilities of companies in the U.S., Japan, and South Korea.
With governments in China, Germany, India, Singapore, and Malaysia actively supporting their semiconductor industries, Cheng suggested that Taiwanese companies should explore cross-border mergers and investment strategies to mitigate geopolitical risks and optimize supply chain layouts.
The survey also highlighted the importance of diversifying geographical supply chains, a key issue for the semiconductor industry for the second consecutive year. With 58% of senior executives planning to achieve supply chain diversification within the next three years, the industry aims to significantly reduce concerns about supply chain disruptions.
As the global semiconductor industry navigates through these challenges, the strategic moves by companies and governments alike will be crucial in securing a stable and prosperous future for this vital sector.
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