Wireless growth, IoT, and cars will drive semiconductor demand

Supply chain issues and talent retention remain top challenges for chip makers, according to KPMG.

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The ongoing deployment of 5G networks, IoT, and demand from the automotive sector are the three biggest drivers of semiconductor revenue in the coming fiscal year, according to a new survey and analysis issued by KPMG.

The accounting firm noted that semiconductor makers had shifted their organizational structures in response to those trends, with 53% of respondents reporting that they had increased their focus on specific operational requirements for hot applications—and away from general-use chipsets that can be used in multiple products.

"Indeed, the top challenge in terms of developing products and taking them to market, as cited by 30% of respondents, is the fact that customers are requiring more complex solutions," the firm said.

The results are from a KPMG survey of 156 senior executives from global semiconductor companies who in the fourth quarter of 2020

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