semiconductor supply chain

In the global environment for semiconductor businesses, uncertainty prevails, and the geopolitical scene is becoming more fractured. This outlook underlay the discussions at the SEMI Industry Strategy Symposium Europe (ISS Europe) 2024 hosted in Vienna (March 7-8, 2024).

SEMICON Europa 2022 (Munich, 15-17 November) attendees gathered at the Executive Forum for the Opening Ceremony on day one to hear from industry leaders and gain insights into the latest market and technology trends.

The COVID-19 pandemic has heightened the urgency to establish the manufacturing capacity needed to support the global recovery and onward rapid growth of the semiconductor industry, which is projected to exceed $1.2 trillion in revenue by 2030.

With semiconductor sales expected to double to $1.2 trillion USD in the next 10 years, the microelectronics industry must address rising geopolitical trade tensions, countries pursuing chip supremacy ahead of global supply chain collaboration, and talent shortfalls noted Ajit Manocha, CEO of SEMI.

In order to achieve the European Green Deal’s zero pollution ambition for a toxic-free environment, the European Commission announced its intention to restrict the use of the most harmful chemicals, except in cases where they are deemed essential for society.