The APAC semiconductor industry, analyzed in a collaborative report by GSA and Deloitte, reveals key trends shaping the region, including:

  • In 2023, the global semiconductor market faced significant challenges, but we expect the market will rebound in 2024 due to the recovery of downstream demand.

  • Nearly half of semiconductor companies remain optimistic on future growth, believing that the Asia-Pacific market will accelerate growth in the next 3-5 years, and it is expected that corporate revenue will increase by more than 10%.

  • More than 75% of semiconductor enterprises have begun digital transformation or have transformation plans in place. However, changes in operating models, upgrading of existing systems and lack of talent are the main challenges faced by enterprises in their digital transformation journey.