Amidst a global economic downturn, the semiconductor think tank spotlights the crucial role of AI and machine learning in overcoming high costs and accelerating time-to-market for next-generation technologies. It highlights the necessity for strategic adaptation, highlighting how collaboration and innovation are pivotal in navigating the complexities of global market demands, regulatory landscapes, and technological advancements, thereby setting a path for sustainable growth and competitiveness. Frost & Sullivan’s Semiconductor think tank series explored the intriguing domain Growth Opportunities in Semiconductors; Unveiling the Path Forward – Top 11 Opportunities Driving the Semiconductor Industry in 2024 and Beyond. This thought-provoking conversation generated significant truths that are influencing the industry’s trajectory, all thanks to the collaborative endeavors of forward-thinking experts.
Here, the following experts collaborated to share their views on best practices, across trends, technologies, sustainability, and growth opportunities in the Semiconductor ecosystem: Prabhu Karunakaran – Industry Principal at Frost & Sullivan; Navdeep Saboo – Sr. Industry Analyst at Frost & Sullivan; Kasthuri Jagadeesan – Research Director, TechVision at Frost & Sullivan; Himanshu Mhatre – Industry Analyst – TechVision at Frost & Sullivan; Vijay Mathew – Director – Industrial Advisory at Frost & Sullivan; and Rituparna Majumder – Industry Principal at Frost & Sullivan.
Gain valuable perspectives from these experts by clicking here to access the recorded session of the Think Tank. Transformative viewpoints discussed:
- Navigating the Global Economic Slowdown with Adaptation: Facing a projected global gross domestic product (GDP) growth decline to 2.6% in 2024, down from 3% the previous year, the imperatives to maneuver through the economic moderation with foresight and flexibility. This downturn, spurred by a reduction in demand amidst persistent inflation, high-interest rates, and governmental spending cuts due to soaring debt levels, calls for a comprehensive strategic response. How is your organization ensuring a seamless transition from identifying growth opportunities to their successful implementation?
- Addressing Costs Challenges through The semiconductor industry is navigating through complexities, notably the challenges of high costs and time to market for next-generation technologies. Addressing these issues, AI/ML solutions have surfaced as strategic innovations to overcome such hurdles. This integration of AI/ML not only streamlines operations but also presents a solution to the industry’s cost and time-to-market challenges. By dividing the focus into two main phases – design and testing– highlighting the criticality of both in achieving market readiness swiftly and efficiently. Additionally, AI-enhanced testing is making a notable impact by refining the testing process, thereby shortening the feedback loop to design and significantly reducing testing duration. Is your organization integrating AI/ML strategies to help address the pressing challenges of cost and time-to-market in semiconductor development and testing?
- Fostering Innovation through Convergence and Collaboration: The semiconductor industry is witnessing a transformative shift characterized by the convergence of different sectors and an unprecedented level of collaboration. By breaking down silos and fostering partnerships across the ecosystem, from in-house design teams to AI solution providers, industry players can drive innovation, enhance resilience, and meet the evolving demands of end users. This collaborative approach not only accelerates technological advancements but also addresses critical challenges such as talent shortages and escalating production costs, positioning the semiconductor industry for sustained growth and innovation. How is your organization leveraging the power of convergence and collaboration to drive innovation and meet the dynamic needs of end users?
“The resounding impact and buzz surrounding geopolitics induced China Plus One strategy and nearshoring/reshoring activities peaked in 2023. However, as we transition into 2024, while geopolitical factors and their related dynamics remain prevalent, they have been eclipsed in trend rankings by a wave of technological advancements. This shift underscores the industry’s relentless pursuit of innovation and its ongoing quest to redefine the boundaries of what’s possible in semiconductor technology.”
Prabhu Karunakaran, Industry Principal at Frost & Sullivan
