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Organic expansion in the semiconductor industry is untenable due to global competitive price pressure, faster technological cycles, and an increasing demand in a diversified application space. Companies must pursue all means to increase operational efficiency, reduce design cycles, and expand their product ranges which makes it imperative to create efficiencies in managing their design processes, test operations and the manufacturing supply chain.

The increased product innovation, ever-increasing quality and compliance regulations, the changing working models, tight profit margins, and new business models are some of the many factors that are driving dramatic changes in the market dynamics for high-tech manufacturers, forcing them to reconsider their existing business approaches. This is where PLM outshines. Keep reading to explore the benefits of a robust PLM solution for high-tech manufacturers to remain relevant in the changing business environment.