• Industry: Technology
  • Type: White paper
  • Date: 12/10/2013

2013 KPMG Global Semiconductor Survey 

The ninth edition of KPMG’s annual Global Semiconductor Survey reflects the expectations of senior leaders from the world’s leading semiconductor companies about revenue trends, application markets, technology evolution, geographic growth and other factors influencing the global semiconductor industry over the next three years.


Included in the report is KPMG’s Semiconductor Business Confidence Index, which captures the overall sector outlook.


KPMG’s Semiconductor Business Confidence Index was flat in this year’s results, indicating expectations for a robust recovery highlighted in our 2012 survey have been largely replaced with a moderately optimistic outlook calling for improved profitability, but lower levels of anticipated revenue growth.


This year’s results also reflect the continued maturity of the semiconductor industry. Due in part to broader application markets and the law of large numbers, growth rates are slowing as semiconductor companies evolve beyond their traditional reliance on PC markets and IT.


Although mobility remains a critical revenue driver, semiconductor executives are forecasting stronger growth rates from applications including healthcare, the Internet of things, automotive, connected home appliances and other promising applications.


This year’s results also reflect the increased importance of China as an end market. China was cited by 56 percent this year and, according to the news agency SINA, the Chinese government is expected to announce a semiconductor initiative that may include R&D credits, tax relief, visa relaxation and anti-monopoly initiatives.


KPMG 2013 Global Semiconductor Survey
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The survey also highlighted more optimistic attitudes about revenue growth in Taiwan, Europe, India, Japan, and Korea.


Other highlights include:

  • More than 75 percent of respondents forecast revenue growth, with a third calling for increases in the 6-10 percent range.
  • Overall expectations for R&D improved slightly from last year’s results.
  • The number of executives planning to expand their global workforce remained about the same, but expectations about the scope of hiring increases were notably more modest.
  • Nearly half of the respondents believe production of 450 mm wafers will have a more significant impact on the industry than production at a sub-20 nanometer technology node. The majority of company leaders believe the transition to 450 mm wafers will take place between 2015 and 2018.