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Siemens’ 2022 Electronics And Semiconductor Outlook

Siemens’ 2022 Electronics And Semiconductor Outlook

Contributed by 

Alex Teo, Managing Director and Vice President for South East Asia

The global pandemic accelerated growth in the electronics and semiconductor industries, with East Asia rising as a key manufacturing hub. Furthermore, the Asia-Pacific (APAC) region now accounts for 60 percent of global semiconductor sales with China, Japan, Taiwan and South Korea emerging as the “Big 4” semiconductor players, and being the world’s biggest market for semiconductors. Despite accelerated growth and demand, the industry was greatly challenged by chip shortages. Globally, the shortage of chips has been worsening since 2020.

It all started with lockdown measures and work-from-home arrangements. There was an overnight increase in demand for devices such as laptops, monitors, cameras, and phones. These factors exacerbated the already increasing chip consumption trend. As a result, semiconductor fabrication plants, commonly known as fabs, focused on fulfilling those orders, in addition to the adoption of 5G and Internet of Things (IoT) technologies. Undoubtedly, the demand for microchips will remain high through 2022 as the market demand will be vital for products that are smarter, more functional, constantly connected, higher quality and less expensive.

So, the big question for the electronics and semiconductor industries is, What can be done to ease the critical chip shortage? >>

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