The semiconductor industry is a truly global affair. The global expansion of the semiconductor industry over the past two decades is not the result of chance. Rather, the executives we interviewed indicated the semiconductor industry has actively pursued global scale because it benefits not only individual companies, but the industry as a whole—in several important ways.
Accenture and the Global Semiconductor Alliance (GSA) identify the many benefits of global scale:
Semiconductors have become an essential part of everyday life around the world.
A wide range of emerging technologies (including Artificial Intelligence, Automotive Electronics, Industrial Internet of Things, and Augmented / Virtual Reality) are gaining prominence across industries as more and more companies find new ways to use them to create compelling new products and to transform their businesses.
At the heart of all of these technologies are the chips that make them work. In fact, more than ever,
the entire tech world depends on the semiconductor industry to provide the computing
power necessary for all these technologies to fulfill their potential. That includes millions
of individuals around the world.
Global collaboration is vital to succeed
The semiconductor industry is a global ecosystem in every sense of the word.
As the world’s economy becomes further dispersed and interconnected during the past two decades, the semiconductor industry remains the paragon of what a truly global supply chain looks like, how it operates and how its players and end customers benefit.