According to Deloitte, many kinds of chips are also expected to be in short supply throughout 2022, with some component lead times pushing into 2023. However, it will be less severe than in 2021 and will not affect all chips.
The Semiconductor Industry Association reported that in 2020, global semiconductor sales rose 6.6 per cent to $440 billion, even though global GDP contracted 3.5 per cent. This size and value imply the role that semiconductors play in global products and operations, or the economy in general, are important to leaders across industries.
Semiconductors may contribute to only a small percentage, but they power trillions of dollars of goods and processes. Semiconductor demand is also heavily driven by digital transformation and further accelerated by the pandemic.
For instance, chip demand for both devices and data centres soared in 2020 and 2021. In early 2021,…
