The semiconductor industry has found itself in an unaccustomed spotlight. When chip shortages first shut down automotive production lines, everyone was talking about the tiny chips that enabled so many different car functions—from interior lighting to seat control to blind-spot detection. When some high-tech and consumer-electronics companies began to experience chip shortages or voiced concerns about supply chains, the attention intensified. It’s now clear to all: we are living in a semiconductor world.
This issue of McKinsey on Semiconductors explores the repercussions of the continuing chip shortage and looks ahead to a post-pandemic future in which semiconductor companies will encounter even greater challenges and opportunities. The articles by McKinsey experts will help businesses along the entire semiconductor value chain explore new strategies that help them thrive amidst uncertainty.