Over the past year, the chip industry has faced challenges due to supply chain disruptions, high inflation, and demand softness from end markets. However, the long-term prospects of the chip industry look bright thanks to their widespread application across various products and industries.
The global semiconductor industry is expected to grow to $1 trillion by 2030. Moreover, according to a survey by KPMG, sixty-five percent of the executives surveyed think the semiconductor supply shortage will ease in 2023, while eighty-one percent project their company’s revenue will grow.
