5 Forces to Lead in 2023 and Past

//php echo do_shortcode(‘[responsivevoice_button voice=”US English Male” buttontext=”Listen to Post”]’) ?>

This previous 12 months’s points, corresponding to financial headwinds, provide chain pressures and geopolitical instability, are forcing high-tech corporations to adapt and alter the way in which they function. The trade can be nonetheless reeling from the chip scarcity disaster, and producers are challenged to construct better resiliency resulting from regularly growing calls for on the provision chain.

As we glance towards 2023, we see 5 dominant forces that corporations must harness as a way to turn out to be leaders within the subsequent decade: whole enterprise reinvention, expertise, sustainability, metaverse and an ongoing tech revolution.

Complete enterprise reinvention

Firms should break free from enterprise as regular, as a result of the methods and operations which have served them nicely prior to now are ill-suited to the present and future setting. This transformation, nevertheless, can’t be incremental.

Quite, it should be whole enterprise reinvention, the place each a part of each enterprise is digitally remodeled. Firms additionally should preserve their R&D investments throughout financial downturns to remain aggressive and preserve their product roadmaps shifting.


At current, no nation on the planet has the labor drive wanted to help home self-sufficiency in excessive tech. To turn out to be self-sufficient within the semiconductor trade, the U.S. would want to capture an additional 20% of global chip production, translating into 74–80 web new fabs and 300,000 whole semiconductor fab positions created.

To mitigate expertise shortages and stop future downtime resulting from missed alternatives, semiconductor corporations should deploy a mixture of methods to draw and retain staff, corresponding to rising the STEM pipeline and reskilling and automating sure capabilities to liberate staff for extra value-added obligations.


Rising chip demand requires elevated manufacturing, which, in flip, requires extra energy, water and pure assets. For instance, total semiconductor vitality utilized in manufacturing has doubled each three years since 2010 and will devour practically 20% of planetary vitality produced by 2030, in keeping with the Department of Energy.

“A big chip fab can use as much as 10 million gallons of water a day, equal to the water consumption of roughly 300,000 U.S. households,” in keeping with an article revealed by IEEE Spectrum. Clearly, each semiconductor firm should embark on initiatives that assist world sustainability targets. This might embrace utilizing IoT and edge computing to observe vitality consumption, better use of cloud computing, implementing analytics and predictive upkeep applications and growing the usage of renewable vitality.

The just lately introduced Semiconductor Local weather Consortium by SEMI, comprised of greater than 60 founding members, will concentrate on decreasing greenhouse fuel emissions throughout the worth chain.


The metaverse has turn out to be too large to disregard for many corporations, but many are nonetheless struggling to formulate a complete metaverse technique that may persuade their stakeholders of its long-term worth. Excessive-tech corporations have a novel place within the metaverse ecosystem as a result of they make the chips and {hardware} that energy the foundational gadgets and applied sciences that make the metaverse attainable.

Firms may also, nevertheless, use the metaverse to alter their place and concentrate on the worth chain. By investing in new capabilities, or utilizing current capabilities in numerous methods, they will develop new services and products past their core enterprise to faucet into probably extra profitable segments of this thrilling, new area. They could be a crucial a part of constructing the platform and design the experiences that help the metaverse.

Ongoing tech revolution

We’re in a world the place expertise is shifting sooner than ever earlier than. Firms should all the time be one step forward of this innovation as a result of the primary firm to capitalize on a rising development typically turns into the trade chief. An ideal instance is digital well being and merchandise, corresponding to wearable gadgets that may turn out to be more and more vital and pervasive as customers turn out to be extra proactive about monitoring and managing their very own well being.

One other instance is autonomous autos. As an increasing number of digital applied sciences are built-in into newer and extra conventional mobility platforms, semiconductor corporations should concentrate on and capitalize on the traits within the trade to create new alternatives.