SoloPoint Insights

Is A Resilient Semiconductor Supply Chain Within Reach?

Semicon West is right around the corner. It will be returning to the Moscone Center in San Francisco this coming July 12th to the 14th. This conference has always been the premier annual event for chip makers and equipment manufacturers alike.

This year’s event will have keynote discussions on shaping a more resilient supply chain to address the international chip shortage that has caused production stoppages across all industries. 

Despite the infamous delays and disruptions, the semiconductor industry as a whole has plenty to be optimistic about. The Semiconductor Industry Association (SIA) recently announced global semiconductor industry sales were up  21.1% at $50.9 billion in April 2022 compared to April 2021’s total of $42 billion.

“Global semiconductor sales have increased by more than 20% on a year-to-year basis for 13 consecutive months, indicating consistently high and growing demand for semiconductors across a range of critical sectors,” said John Neuffer, SIA president and CEO. “High global chip demand will necessitate more semiconductor research, design, and manufacturing in the years ahead.”

Current re-shoring efforts that have been taking place over the last 2 years include:

 

With new fabs comes a higher demand for semiconductor processing equipment. Precedence Research reported that the global semiconductor manufacturing equipment market size was valued at $72.69 billion in 2021. It is projected to hit $141.6 billion by 2030 with an annual growth rate of 7.69% from 2022 to 2030. Driving the growth are the global demands for the following equipment:

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As semiconductor manufacturing equipment makers ramp up to meet the forecasted demands, the need for skilled engineers in Mechanical, Electrical, Manufacturing, and Process engineering is sure to follow.  SoloPoint Solutions is poised to support this demand having specialized in providing specialized engineering talents for the capital equipment industry for well over a decade. Our team has developed a wide network of engineering professionals in the Semiconductor Equipment space and can identify and source engineering candidates with extensive industry experience.

To see our domain expertise within the semiconductor industry, visit our Semiconductor page or contact us today:

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