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As Chip Shortages Continue Plaguing Global Supply Chains, Technology Leaders Find New Ways to Reimagine and Reinvent Essential Processes
If youโve got $10 billion to spare, you might want to consider setting up your own chip foundry. Advanced chip factories, or โfoundriesโ as they are referred within the industry, are essential to modern manufacturing. Not surprisingly, foundries have become a hot topic in recent months as chip shortages continue disrupting global supply chains
โNot content with relying on standard chips that are in high demand, some of the worldโs biggest tech firms are developing their own semiconductors,โย writes Sam Shead of CNBC. โApple,ย Amazon,ย Facebook,ย Teslaย andย Baiduย are all shunning established chip firms and bringing certain aspects of chip development in-house, according to company announcements and media reports.โ

Setting up advanced foundries isnโt an overnight project. And thereโs also a shortage of experienced chip engineers to contend with. As Shead notes in his article, very few silicon experts remain in Silicon Valley, where software is considered โcoolerโ than hardware. From my perspective, shortages of chips and chip engineers represent a prime opportunity for Silicon Valley โ or perhaps for some other part of the country โ to reimagine and reinvent the chip manufacturing industry here in the U.S.
Just because we fumbled the ball on chips in the past doesnโt mean we canโt regain our pre-eminent role in the hardware industry at some point in the future. Maybe these chip-related supply chain issues are a wake-up call that will motivate us to become more competitive in this critical area of the global technology ecosystem. If that happens, the inconveniences associated with supply chain disruptions might serve a useful purpose. Your thoughts?
Have You Registered for Our Next HMG Innovation Accelerator?
Our next Innovation Accelerator event is taking place on September 29. Our truly unique Innovation Accelerator is an interactive discussion that provides remarkable opportunities for technology executives to meet with the founders and CEOs of innovative technology companies and learn about the business and operational challenges they solve for their customers and how they are differentiated in the market.
To learn more about the HMG Innovation Accelerator, including opportunities to participate, please contact HMG Strategyโs Chief Engagement Officer Rob Kovalesky at robk@hmgstrategy.com.