The duality of technology
New technologies impact industries across the board. For the semiconductor industry, the very technologies that disrupt the way companies operate are the same technologies that will be leveraged to create new products and businesses.
It’s time for semiconductor companies to take a strong stand and proactively define the next generation of technology—in a dual role, as customer and producer.
Five trends shape the near future:
Trend 1: DARQ power
Understanding the DNA of DARQ
DARQ technologies will not only change the semiconductor industry, they will also drive business growth. Blockchain/Distributed Ledger Technology will drive improvements via data provenance and faster traceability as well as enablement of compute and Artificial Intelligence(AI) capabilities. AI and extended reality will require custom chips, and quantum computing will bring about a new world of compute engineering.
Trend 2: Get to know me
Unlock unique consumers and opportunities
Digital demographics are important in every industry, but particularly so in the semiconductor industry. As silicon technology becomes commoditized—semiconductor companies are looking for ways to differentiate. As chips become more specific in nature for targeted applications, semiconductor companies will have to know their customers inside and out—predicting and anticipating needs before they even occur.
Trend 3: Human+ Worker
Change the workplace or hinder the workforce
Even as the workforce evolves at a rapid pace, most semiconductor companies are optimized for the workforce of the past. Hiring and reskilling talent with the right knowledge and capabilities is essential to competitiveness. Over the next three years, 60 percent of semiconductor companies would have moved 41 percent or more of their workforce into new roles requiring substantial reskilling.
Trend 4: Secure us to secure me
Enterprises aren’t victims, they’re vectors
Ecosystem-driven business connections may increase companies’ exposure to risks. Semiconductor companies are as vulnerable as the weakest link in their ecosystem. Hence large semiconductor companies are working to embed security into their chips and ecosystems, knowing they are a critical link to national security as well as that of private citizens.
Trend 5: My markets
Meet consumers’ and organizations’ needs at the speed of now
Technology is creating a world of intensely customized and on-demand experiences. Companies are using custom chips, chiplets and 5G to optimize and differentiate. While there will still be a market for off-the-shelf semiconductors, customized semiconductors will see higher growth.
Don’t duel with duality
Leading semiconductor industry players are already meeting the duality of being a customer and producer of technology head on, putting themselves in a good post position for the next wave of change.