📊Executive Summary

The semiconductor industry is under increasing pressure to reduce its carbon emissions as part of global sustainability efforts. With a target to achieve net-zero emissions by 2050, the industry is facing challenges due to its reliance on hazardous chemicals and energy-intensive manufacturing processes. The Boston Consulting Group highlights that semiconductor production could see an 8% annual increase in carbon emissions if current practices continue. Companies are forming partnerships with suppliers to adopt greener practices and mitigate their environmental impact. This shift towards sustainability is critical for procurement teams to monitor as it may influence sourcing decisions and supplier relationships in the future....