Semiconductor trends to watch

Semiconductors, or chips, power every aspect of our lives, which is exacerbated by COVID-19, as everyone migrated work and school into their home. We’ve seen that chips have become even more important now, as all of us really lust for more technology. We want technology to do even more, which is probably going to require even more chips being used in our devices, as well as creating chips that are even more efficient.

—Christie Simons, Audit & Assurance TMT industry leader, Deloitte

Driven by increasing semiconductor content in everything from cars to appliance to factories, chips will be even more important in the year ahead. Companies, governments, and other players in the ecosystem are eager to take steps to avoid future shortages, or at least lessen their impact. Meanwhile, digital transformation within the industry is underway as a strategy to improve efficiencies. Supply chain is a concern, as semiconductor companies are experiencing engineering and manufacturing talent shortages and competing with other tech companies for talent.

This is really much more about demand than about supply. This industry is 50% larger than it was three years ago, so the industry is doing the best it can to keep up with hyper growth in demand. And that’s being manifested in a rising percentage of GDP.

—Duncan Stewart, director of TMT research at Deloitte Canada

In this episode of the User Friendly podcast, host Hanish Patel is joined by Deloitte’s Christie Simons, Audit & Assurance TMT industry leader, and Duncan Stewart, director of TMT research at Deloitte Canada, to explore how semiconductor companies can take steps to become more agile and sustain a competitive advantage. They also share their hopeful predictions about the future of semiconductors.

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