Insight

The impact of COVID-19 on the semiconductor industry

COVID-19 has caused semiconductor leaders to mobilize quickly and make both short term and long term adjustments.

Lincoln Clark

Lincoln Clark

Partner, Audit, KPMG US

+1 408-367-4914

Scott Jones

Scott Jones

Partner, Deal Advisory & National Semiconductor Leader, KPMG US

+1 408-367-7002

KPMG collaborated with the Global Semiconductor Alliance (GSA) to conduct a pulse survey on The impact of COVID-19 on the semiconductor industry. Key findings include the following:

1. Some of the top near term actions semiconductor companies are taking in response to COVID-19 are:

  • Ensuring that vendors and supply chain partners have business continuity plans in place
  • Maintaining cyber vigilance

2. Sixty-three percent of respondents reported some degree of supply chain shortages as a result of COVID-19:

Have you experienced supply chain shortages as a result of COVID-19?*

 

3. The top two long term changes that semiconductor executives expect to implement as a result of COVID-19 are:

  • Revisions to business continuity plans
  • Implementation of technology upgrades such as collaboration, cloud, and/or automation technologies

4. Semiconductor leaders feel that COVID-19 will have a positive impact on the investment, growth, and adoption of 5G, artificial intelligence, and Internet of Things:

What impact will COVID-19 have on the investment, growth, and adoption of the following application end markets?*
(Please rate on a 1 to 5 scale, with 1 = significantly negative impact and 5 = significantly positive impact.)

Footnotes

*Percentages may not sum to 100% due to rounding.