Semiconductor Engineering Services PEAK Matrix Assessment 2024
The rapid adoption of AI, the Internet of Things (IoT), and 5G is driving substantial investments in Engineering Research and Development (ER&D) within the semiconductor industry. Advances in semiconductor technologies—such as smaller node sizes, innovative materials, AI-powered chipsets, custom-designed chips, advanced packaging methods, and new chip architectures—are further propelling this growth. Additionally, companies are leveraging generative AI to push the boundaries of semiconductor engineering. Despite these advancements, semiconductor businesses face growing challenges, including adapting to shifting customer needs and navigating the increasing complexities of design updates and intricate validation processes throughout the value chain.
In a recent study by analyst firm Everest Group, LTTS has been recognized as a leader in the Semiconductor Engineering Services PEAK Matrix Assessment 2024 report which examines the semiconductor landscape across the globe. The analyst firm assessed and rated the semiconductor service capabilities of 18 service providers across four design and verification, validation and testing, Supply chain and equipment design, and sustenance and value engineering. This success is attributed to strength such as service portfolio, investments, expertise in both physical and digital realms, global presence, and strong partnership.
LTTS, with offerings across the entire semiconductor engineering value chain, has strengthened its capabilities through investments in silicon technology labs, talent training academies, and robust partner ecosystem. The company places a strong emphasis on advancing its expertise in areas such as generative AI, advanced nodes, and AI- enabled low power chipsets," says Nishant Udupa, Practice Director at Everest Group.”
According to Everest Group, "Clients appreciate LTTS for its proactive approach, competitive pricing, responsiveness to feedback, and strong project management capabilities. These factors have contributed to LTTS retaining its position as a Leader in Everest Group's Semiconductor Engineering Services PEAK Matrix® Assessment 2024.”
L&T Technology Services has been recognized as a Leader among 18 providers by Everest Group in their Semiconductor Engineering Services PEAK Matrix Assessment 2024 report.
Download the report for more information.