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January 11, 2023
VIEWPOINT 2023: Brian Schmaltz, Vice President, Sales and Marketing, NAMICS Technologies, Inc.
Post pandemic worldwide inflation and macroeconomic headwinds have scrambled finical institutions, including the United States Federal Reserve, to reel back a decade plus long streak of a sub 2.5% federal fund rate. Unfortunately, the Tech Industry is not immune from such worldwide financial woes. As of Nov 2022, over 120,000 tech jobs have recently been lost and added pressure to reduce costs is reverberating across industry. However, it is not all doom and gloom. As the world begins to tighten its subsequent spending, long-term demand is still expected to remain strong. This worldwide economic slowdown might be just what the doctor ordered, allowing industry to begin expansion that will take years to build. There will be a noticeable inflection point once the dust settles. Those that were overly cautious, and those that invested in the +7.4% CAGR long term future. The CHIPS Act passed via bipartisan vote in Congress authorizing $52 billion USD in federal incentives to promote semiconductor manufacturing and increased investments in semiconductor research. Additional governments worldwide have begun heavy investments within localized infrastructure ensuring expansion of semiconductor industries regionally. • Samsung has put forward a plan to invest about US$200 billion in the U.S. over the next 20 years. • Intel breaks ground on $20B Ohio semiconductor manufacturing site. • Micron revealed plans to spend up to $100B on a massive semiconductor plant in New York. • IBM plans to spend $20B locally over the next decade on research, development, and production. • TSMC completes the construction of its $12B Phoenix-based fab which will produce 5nm chips in 2024. 2023 will continue to see the expansion of the marketplace due to new markets being implemented within the Internet of Things (IOT) framework. I expect to see continued growth within the next five years within; Gaming, Automotive, AR/VR, Household, Medical, and Data Center (Cloud) markets will continue to grow with the emphasis being on security and safety of data acquisition, storage, and use. A continued trend to smaller, lighter, longer life portable electronics with faster communication to encrypted data centers which will continuously accumulate infinite amounts of information. Data acquisition and processing will be the driving factor for years to come. Decarbonizing the industry will be a major challenge, however industry leaders and investors are committed to companies' environmental, social, and governance. As a going-green leader, NAMICS is committed to creating eco-friendly products which we believe is a societal obligation. NAMICS Corporation will continue to offer high-quality advanced materials leading the next era in the five growth areas of electronics, namely: Semiconductor, Environment, Energy, Device, and System (SEEDS). We look forward to advancement into 2023 with everyone, the right way. Brian Schmaltz, Vice President, Sales and Marketing NAMICS Technologies, Inc. http://www.namics-usa.com |
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