Taiwan semiconductor output value forecast to grow 18pct

15-May-2021 Intellasia | TaiwanNews | 5:02 AM Print This Post

The production value of Taiwan’s semiconductor industry is expected to grow 18.1 percent annually, more than double the previous forecast, 8.6 percent, according to the ITRI Industrial Economics and Knowledge Centre.

The sector logged NT$904.7 billion (US$32.3 billion) in its output value in the first quarter, representing 2.6 percent quarterly growth. Integrated circuits (IC) testing, IC design, IC manufacturing, and IC packaging reported 5.7 percent, 5.3 percent, 1.4 percent, and 0.4 percent quarterly growth, respectively.

The strained semiconductor supply chain has continued to drive up demand for relevant IT products, from computers to automobiles. The centre predicted the sector is likely to sustain its momentum in the second half of 2021, with the annual output forecast to reach NT$3.8 trillion (US$135.8 billion).

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, has joined the Semiconductors in America Coalition (SIAC), a group comprising 65 major industry players from the US, Asia, and Europe. The alliance reflects US President Joe Biden’s resolve to advance America’s semiconductor manufacturing and research.



Category: Taiwan

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