📊Executive Summary

The semiconductor sector is experiencing a downturn due to declining demand for consumer electronics, following a period of significant shortages during the pandemic. Countries are now focusing on gaining sovereignty in semiconductor production. Despite the overall decline, there are still shortages in semiconductors for industrial and automotive applications. Geopolitical risks, particularly from the US-China trade tensions and export controls, are impacting the semiconductor supply chain. The article highlights that the global semiconductor market is projected to decline by 4.1% in 2023, with capital expenditures expected to suffer. The concentration of semiconductor production in East Asia, particularly Taiwan, poses additional risks due to geopolitical and climate change factors....