Global Semiconductor Industry Review and What to Expect in 2023

Supply chain disruptions continue to plague the global semiconductor industry as shortages persist amid high prices, severely impacting industries such as automotive, electronics, industrial manufacturing, and more. Additionally, the recent US trade restrictions have affected the global markets as US semiconductor companies operating in China will have to halt operations in the country for at least 10 years if they want to access the US’ $39Bn federal fund. To counter these restrictions, China is working on a $143 billion support package for its semiconductor industry. Countries such as India and Japan are also expanding their domestic semiconductor capabilities, with the Indian chip market expected to reach $64 billion in 2026.