Risk management in semiconductor industry

The importance of risk management in semiconductor industry is acknowledged by semiconductor industry. Risk management department should be independent to any other department and reports directly to top management (president) in the company. The organization of risk management should include (but not limit to) aspects of risk control, loss prevention, emergency response, insurance, industrial safety and health, environmental protection, medication, and security. Each section has its own tasks, however, they are not independent to one another. The tasks of each section and how they integrate each other are discussed in this study. Company would be impacted more or less when unexpected incident occurs. How company responds to the incident determine the severity of the impact. The role of risk management department in emergency response is also discussed in this study. The risk management system is tested and is operating in an existing semiconductor company and the performance is satisfactory.