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Soitec CEO remains positive on semiconductor growth
THE semiconductor industry may be experiencing a slump now, but the expected high demand for components in emerging areas, such as electric vehicles, suggests that the sector will return to growth in no time, said French manufacturer Soitec's chief executive officer Pierre Barnabe.
businesstimes.com, Dec. 09, 2022 –
"I am optimistic because the trend is quite easy to understand," he said in an interview with The Business Times (BT). "Our phones have more and more capabilities, and (need) more and more components. Second... the new generation of electric cars that are just on the market today, theyre embarking on hundreds if not thousands of components."
Barnabe joined Soitec in May this year and began his stint as CEO in July. Prior to that, he was senior executive vice-president, group security officer and global head of Big Data and cybersecurity at French information technology company Atos.
During the interview, he noted that the global semiconductor industry is projected to become a trillion-dollar one by 2030, a trajectory that he says is "a given".
Nevertheless, downcycles in the market are to be expected, and during such slumps, it is expected that some companies may suffer more than others, noted Barnabe. "But the ones that are well-settled, like Soitec, in smartphones, cars and smart devices (are likely to fare better as) these sub-sectors are more dynamic, and that gives us optimism in the long run."
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