Trends behind the smart device revolution
Adapting to a changing and complex market is tough. It’s useful to know what strategies your industry peers are employing to meet today's semiconductor industry's challenges.
The research report "Retool Semiconductor Innovation for Profit" is based on independent survey results that includes responses from more than 250 semiconductor companies, including IDMs, Fabless, Foundries, OSATs, Subcons, Photonics companies, Intellectual Property (IP) providers, and many other high-tech companies.
The report identifies how effectively companies are leveraging innovation and technology to manage the business challenges and complexity they see in the industry today: new production methods, changing business models, anticipating market trends, responding to market changes, and product and supply chain complexity.
Finding a path beyond the challenges
Even with the expectation of significant growth for semiconductors in automation, electrification, connectivity, and security applications across the board, the same business challenges apply to all companies no matter where they reside in the semiconductor ecosystem. To be competitive:
- Companies always look for ways to reduce operating costs and time-to-market (TTM)
- At the same time, produce safe, reliable, high-quality products
Based on this research, it’s a fact that technical resources such as engineers and designers typically spend less than half of their time directly on product innovation, product development, and engineering.
While it’s clear the answers lie in further innovation, the question is where and how?
The report identified top performers in the industry that have better revenue growth, profit margin expansion, and percentage of sales from new products. These Top Performers show a path forward. It’s helpful to see how your peers address some of these challenges and how leaders are succeeding.
The keys to semiconductor lifecycle management success
Adapting to changing and complex markets is tough. So, it's also useful to know what strategies your industry peers are employing to meet today's semiconductor industry’s operational challenges, such as:
- Understanding the impact of design changes across disciplines
- Delays in manufacturing waiting for design data
- Inefficiency from recreating not reusing design data
- Simulating and optimizing product behavior or performance
Download the research report “Retool Semiconductor Innovation for Profit” to learn more. It’s packed with data that provides insight into how your peers view innovation and technology and measure their business and operational success.
Leading semiconductor companies find success
The report also demonstrates how effectively companies use innovation and technology, solutions, and software to manage the business challenges and complexity they see in the industry today. It identifies two of many key differences between top performers and others:
- Top performers are more than 5X more likely to be significantly above average at designing successful innovative products
- They are also more than 4X more likely to be excellent at design and process collaboration across their ecosystem
While many companies are finding success with innovation, there are gaps for others, and it's clear from the report that there are both challenges and opportunities that remain top of mind for all.