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Managing for growth during an unprecedented semi cycle

By embracing government incentive programs and strategic approaches, chip manufacturers can position themselves for future growth.

During past semiconductor industry downturns, some manufacturers made difficult decisions to stop hiring new talent, postpone capital investment, and cut overhead costs wherever possible. However, this cycle is different. First, we face a shortage of critical semiconductor talent. Secondly, semiconductor companies have a one-time opportunity for funding assistance from government programs like the US Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) and Science Act. Lastly, we see the emergence of more stringent ESG (Environmental, Social, and Governance) expectations worldwide.

Despite these challenges, semiconductor manufacturers have unique opportunities today to navigate turbulent economic times and prepare for the inevitable upturn in the market. In this paper, we explore best practices in the short-, medium-, and long-term to help your organization, including:

  • Manage headcount costs without jeopardizing the availability of future talent.
  • Embrace strategic expansion plans to take advantage of one-time government initiatives.
  • Continue investing in environmental, social, and governance initiatives to prepare for new environmental regulations and laws.

This report also shares insights from the 18th annual KPMG Global Semiconductor Industry survey. While respondents expect some bumps in the road ahead, the sector remains optimistic about economic recovery and the enormous opportunities for long-term growth.

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Managing for growth during an unprecedented semiconductor cycle

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