The automotive sector is in the fast lane, surpassing wireless communications, as the most important sector for driving revenue over the next year for the first time according to the results of the 18th Annual KPMG Global Semiconductor Outlook.
The survey, from KPMG LLP and the Global Semiconductor Alliance (GSA) captured insights in the fourth quarter of 2022 from over 150 semiconductor executives about their outlook for the industry in 2023 and beyond. More than half of the respondents are from companies with more than $1 billion in annual revenue.
Key findings include the following:
Additional survey findings available here: Global semiconductor industry outlook for 2023 (kpmg.us). For media inquiries, please contact Alison Wentley. For more information on KPMG’s Global semiconductor practice, visit: Global semiconductor practice (kpmg.us).