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  2. The semiconductor industry in 2023 is expected to123:
    • Bring manufacturing closer to home with both entirely new fabs and the expansion of existing facilities.
    • Manage the diversification risks and challenges that come with localization and friendshoring.
    • Digitally transform and digitize many parts of their processes: financial planning and operations, order management, and supply chain.
    • Leaders are optimistic about revenue growth.
    • Automotive takes the pole position as the most important revenue driver.
    • The end of the semiconductor shortage is in sight.
    • Talent remains a crucial priority.
    • The nationalization of semiconductor technology is the biggest geopolitical concern.
    • The global semiconductor market size is expected to grow from USD 529 billion in 2023 to USD 617 billion by 2024, up 16.6% YoY.
    Learn more:

    As the sections that follow will show, Deloitte anticipates that 2023 could act as the “pause that refreshes” and allow the semiconductor industry to consider five big things:

      www.deloitte.com/global/en/Industries/tmt/perspect…

      Global semiconductor industry outlook for 2023

      • Leaders are optimistic about revenue growth ...
      • Automotive takes the pole position as the most important revenue driver ...
      • The end of the semiconductor shortage is in sight ...
      kpmg.com/us/en/articles/2022/global-semiconducto…
      MarketsandMarkets anticipates the global semiconductor market size to grow from USD 529 billion in 2023 to USD 617 billion by 2024, up 16.6% YoY. Semiconductor tech-giants are extensively focusing on developing data centric GPUs to support the Gen-AI use cases, thus turning it into an investment magnet.
      www.marketsandmarkets.com/blog/SE/global-semi…
       
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