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1、McKinseyonSemiconductorsNumber5,Winter2015Highlights71868AnewworldunderTheInternetofThings:Usingthepowerofconstruction:ChinaandOpportunitiesandchallengesadvancedanalyticstosemiconductorsforsemiconductorcompaniesimprovemanufacturing,R&D,andsalesMcKinseyonEditorialBoard:McKinsey&Com
2、panySemiconductorsisHaraldBauer,PracticePublicationswrittenbyexpertsandMarkPatel,Editor-in-Chief:practitionersinMcKinsey&NickSanthanam,LuciaRahillyCompany’sSemiconductorsBillWisemanPracticealongwithotherExecutiveEditors:McKinseycolleagues.Editor:EileenHanniganMichaelT.Borruso,Alla
3、nGold,BillJavetski,TosendcommentsorArtDirectionandDesign:MarkStaplesrequestcopies,emailLeffCommunicationsus:McKinsey_on_Copyright?2015McKinsey&Semiconductors@ManagingEditors:Company.Allrightsreserved.McKinsey.com.MichaelT.Borruso,VenetiaSimcockThispublicationisnotintendedtobeuseda
4、sEditorialProduction:thebasisfortradingintheRunaArora,ElizabethBrown,sharesofanycompanyorHeatherByer,ToreaFrey,forundertakinganyotherHeatherGross,ShahnazcomplexorsignificantIslam,KatyaPetriwsky,financialtransactionwithoutJohnC.Sanchez,DanaSand,consultingappropriateKarenSchenkenfel
5、der,professionaladvisers.SnehaVatsNopartofthispublicationmayCoverIllustration:becopiedorredistributedHarryCampbellinanyformwithoutthepriorwrittenconsentofMcKinsey&Company.Tableofcontents2718IntroductionAnewworldunderTheInternetofThings:construction:ChinaandOpportunitiesandchalleng
6、esforsemiconductorssemiconductorcompaniesTheongoingtransformationThenascentInternetofThingsoftheChinesesemiconductorcouldopenvastopportunitiessectorrequiresallpartiestotosemiconductorcompanies—raisetheirgame.providedthattheypreparenow.28384349Memory:Arechallengesahead?RayStataonth
7、eevolutionofWinningthroughM&A?CapturingtheopportunityThememorysegmenthasbeenthesemiconductorindustryDealmakingintheinadvanceddriver-profitablesince2012.CanthisThecofounderofAnalogsemiconductorsectorassistancesystemscontinueasnewtechnologiesDeviceslooksbackonhislongSemiconductorcom
8、paniesSemiconductorcompaniesemerg
