The global pandemic has taken its toll on some industries while buoying others to new levels of success. According to a new report from Wakefield Research, the global semiconductor industry may be one of the luckier sectors when all is said is done. In fact, the research firm predicts that industry will emerge from the COVID-19 outbreak even stronger than it was before.
“The initial work stoppages at Asian semiconductor manufacturing plants and their suppliers—combined with international travel restrictions—caused some supply shortages,” it points out in the report, “but the industry has been able to weather the early storm.”
