The market for the semiconductor can be divided roughly in two categories: equipment manufacturers and chip manufacturers. The semiconductor industry is very cyclical. Driven by the IoT and the explosion of personal devices, both categories have had to adapt quickly. Equipment manufacturers are doing extremely well, but they are operating in a market in which very few players can survive. Top players can, and have, taken a significant market share. Chip manufacturers are forced to invest heavily in equipment, but produce very low-cost products. These barriers to entry make survival a challenge. In a world which runs on electronics and connections, the talent war will continue to grow in this market for the foreseeable future.