2025年全球半导体行业展望

ContentsForewordKey findingsIndustry issues and strategic prioritiesGrowth applications and productsFinancial expectationsOperational expectationsNext stepsAbout KPMG and the GSAResearch methodologyAbout the authors 23412162227282930 This is the20th annual KPMG Global Semiconductor IndustryOutlook, with key findings from a survey of 156 senior executivesfrom global semiconductor companies. More than half of therespondents were from companies with more than US$1 billion inannual revenue. The survey was conducted in the fourth quarter of2024 by KPMG LLP and the Global Semiconductor Alliance (GSA).The publication is designed for semiconductor CEOs, COOs, CFOs,controllers, finance leaders, and strategic and corporate developmentpersonnel. This work is equally relevant for executives of companieswhose products are heavily reliant on semiconductor components,including products for telecommunications, telecommunicationsinfrastructure, cloud services, data centers, artificial intelligence,platform providers, devices supporting Internet of Things (IoT)applications, and automotive electronic applications.© 2025 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMGInternational Limited, a private English company limited by guarantee. All rights reserved. Our annual KPMG Global SemiconductorIndustry Outlook, developed in collaborationwith the GSA, draws on the perspectives of156 senior executives from leading globalcompanies, offering a wide view of the industry’schallenges and opportunities.The report sheds light on continuing challengessuch as talent acquisition, geopolitical tensions,and supply chain vulnerabilities. Talent andtariffs were cited as the biggest issues facingthe semiconductor industry over the next threeyears. In response, leaders are focusing on talentdevelopment strategies and enhancing supplychain flexibility. In fact, the number one actionexecutives are taking to improve their company’ssupply chain agility is increasing geographicaldiversity and resiliency.Regarding financial expectations, thesemiconductor industry will continue to benefitfrom technological progress, as the world movestoward a future where artificial intelligence (AI)not only enhances existing applications butalso creates new markets and opportunities. Inour survey, 86 percent project their company’srevenue will grow over the coming year, which ison par with last year’s 83 percent.ForewordThe semiconductor industry continues its recovery from the challenges of a few years ago and is poisedfor significant growth again in 2025While concerns about supply chains, the talent supply, and customerdemand remain, executives are expressing a strong positive outlook for the year ahead Moreover, the demand for AI enablerssuch as graphics processing units (GPUs),advanced storage solutions in data centers andsmartphones, along with the increasing use ofsensors and microelectromechanical systems(MEMS) across various sectors such as IoT,automotive, industrial, and healthcare, wereidentified as key growth drivers.The research also showed 72 percent ofrespondents predict an increase in researchand development (R&D) spending, and63 percent expect to increase semiconductorcapital spending, reflecting the commitment toinnovation and technological leadership.This year’s report emphasizes the semiconductorindustry’s resiliency and proactive stance infostering innovation and growth despite thesechallenges. Looking to 2025, the industry canexpect continued financial improvement andnew opportunities.Chris GentleLeader, Global Semiconductor practiceKPMG LLPchristiangentle@kpmg.com© 2025 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMGInternational Limited, a private English company limited by guarantee. All rights reserved. KeyfindingsGROWTH APPLICATIONS AND PRODUCTSthe first time, and cloud/data centershas risen to second.Automotive,which topped the surveyfor the last two years as the most importantrevenue driver, fell to fourth place this year.Microprocessors,including GPUs,againranked as the top productopportunity for industrygrowth over the next year.#1INDUSTRY ISSUES AND STRATEGIC PRIORITIESAs nontraditional semiconductor companies(tech giants, platform companies, and automotive companies)expand their chip capabilities, executives are most concernedthat there will be increased competition for talent as newcompetitors emerge.Territorialism/Tariffsand talent risktiedas the biggest issuesfacing the semiconductor industryover the next three years. AIhas become the mostimportant application drivingsemiconductor revenue forSupplychainflexibilityandtalentdevelopment/retentiontied as the top strategicpriorities over the next three years,followed by digital transformationand implementing generative artificialintelligence (GenAI). Source: KPMG Global Semiconduct