The semiconductor industry is a critical sector that designs, manufactures, and distributes semiconductor devices—materials that have electrical conductivity between a conductor and an insulator. These devices are the foundational components of modern electronics, powering everything from smartphones and computers to electric vehicles, industrial machinery, and advanced medical equipment.
At the core of the industry are integrated circuits (ICs), microprocessors, memory chips, and sensors, which are essential for computing, communication, and automation. The industry is highly globalized, with a complex supply chain involving chip designers (like NVIDIA and AMD), foundries (such as TSMC and Samsung), equipment manufacturers (like ASML), and raw material suppliers.
Demand for microchips continues to surge—fueled by everything from smartphones and EVs to AI and defense tech. Yet the path to delivering cutting-edge semiconductors is fraught with operational complexity, razor-thin margins, and extreme sensitivity to unplanned downtime.
To remain competitive, semiconductor manufacturers need more than just advanced equipment—they need intelligent, proactive Service Management.
Semiconductors: Driving the Digital Economy
The semiconductor industry has experienced significant growth in recent years. According to Statista, global semiconductor sales were expected to reach approximately $626.87 billion in 2024, with forecasts suggesting an 11.2% increase to $697.18 billion in 2025.
Much of this growth is driven by:
- The automotive and EV boom
- AI chips and data centers
- Rising adoption of smart devices
- Reshoring and fab expansions across the U.S., EU, and Asia
But the stakes are higher than ever.
The financial impact of unplanned downtime in semiconductor manufacturing is substantial. While specific figures can vary, some reports indicate that unplanned downtime in semiconductor plants can cost approximately $1 million per hour.
McKinsey emphasizes the importance of proactive maintenance strategies in semiconductor fabs, noting that an hour of planned maintenance can typically save three to four hours of unplanned maintenance.