Deloitte’s report adds that semiconductor stocks — usually a leading indicator of the industry’s performance — have steadily risen. As of mid-December 2023, the combined market capitalisation of the top 10 global chip companies stood at US$3.4 trillion, up 74% from US$1.9 trillion in November 2022. According to Statista, the market capitalisation of the top 10 global semiconductor companies as of June 5 is US$6.31 trillion.
Understanding how the semiconductor supply chain works is crucial for appreciating its power in modern technologies. Semiconductors are essential components for various items, including smartphones, household appliances, cars and satellites.
A multi-billion-dollar industry, semiconductor companies are expected to see global sales of US$588 billion ($794.15 billion) for this year, according to Deloitte’s global semiconductor industry outlook for the year. The figure represents a 13% growth on a y-o-y basis and is 2.5% higher than the record industry revenues of US$574 billion seen in 2022.
