GSA, in collaboration with KPMG, surveys semiconductor executives from across geographies, company sizes, and industry segments to provide an annual Global Semiconductor Industry Outlook. Download the 2024 report to gain insight into financial, strategic, and operational trends, issues, and agenda items across the industry and ecosystem.

Key Findings

  • Leaders still optimistic about revenue growth: Executives are significantly more enthusiastic than last year about industry revenue growth—85 percent forecast the industry’s revenue will grow in the coming year, compared to just 64 percent last year.

  • Automotive repeats as the most important revenue driver: Automotive topped the survey for the first time last year as the most important application driving semiconductor company revenue, and again rated in the top spot this year due to the continuing computerization and electrification of vehicles.

  • Artificial intelligence (AI) soars up the agenda: After placing fourth in the prior two surveys, AI jumped up and ranked as the second most important application driving semiconductor company revenue.

  • Talent pressures mounting: With the demand for technical talent only expected to increase, talent risk extended its lead as the biggest issue facing the semiconductor industry over the next three years. Talent development and retention also remained atop the strategic priorities for industry leaders.

  • Executives planning for an inventory surplus: In last year’s survey, 24 percent of respondents believed there was already an excess of semiconductor inventory. That amount increased to 30 percent in this year’s survey, and an additional 12 percent think the next inventory excess will occur by the end of 2024.