"93% of industry leaders expect revenue growth in 2026"
0% tariff ASML nothing but tailwinds.
China Inc ArFi.
AI-Boom Drives Semiconductor Industry Confidence to Near-Record High, But Supply Chain and Infrastructure Concerns Intensify
Shannon Davis
19 hours ago
Semiconductor executives have almost never been more confident about the year ahead, but this record optimism is running directly into mounting concerns over supply chain stability, energy security and talent shortages, according to the 21st annual Global Semiconductor Outlook by KPMG LLP, the U.S. audit, tax and advisory firm, and the Global Semiconductor Alliance (GSA).
Fueled by the AI boom, 93% of industry leaders expect revenue growth in 2026. This confidence has pushed the KPMG Semiconductor Industry Confidence Index to 63, the third-highest score in two decades (a value above 50 indicates a more positive outlook than negative). However, this bullish outlook is tempered by significant operational and geopolitical risks. For the first time, leaders now rank tariffs and trade policy as their top concern, and some fear they may not be able to procure enough energy to power their advanced chip manufacturing facilities.
“We’re seeing a fundamental surge in semiconductor demand that spans the entire economy—from AI and data centers to electric vehicles,” said Chad Seiler, Line of Business Leader, Technology, Media and Telecom at KPMG US. “This broad-based demand creates a more resilient growth trajectory, but it also creates intense pressure. Leaders are now faced with the challenge of capitalizing on this historic opportunity while simultaneously navigating supply chain, energy and talent challenges.” |
