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Taiwan IC sector's output set to grow 15.6% year-on-year in 2022: ITRI
 

11/02/2022

A corner of Industrial Technology Research Institute. Photo taken from Industrial Technology Research Institute's official website for illustrative purpose only
Taipei, Nov. 2 (CNA) The production value of Taiwan's semiconductor industry is expected to hit NT$4.7 trillion (US$148.7 billion) this year, up 15.6 percent from the previous year, an Industrial Technology Research Institute (ITRI) expert said Wednesday.

Terry Fan (范哲豪), a manager at the institution's Science and Technology International Strategy Center, said during an ITRI forum that the output may grow by 6.1 percent to reach NT$5 trillion in 2023, driven by advanced process technologies and automobile chip production.

Meanwhile, the output of the global semiconductor sector could top US$618.5 billion in 2022, which would represent 4 percent growth year-on-year, Fan said.

However, he said, the industry could experience a decline next year, when the output is expected to drop by 3.6 percent year-on-year to US$596.4 billion, following rapid growth over the past few years due to the need for digital transformation during the COVID-19 pandemic.

Looking back on the IC market over the past 10 months, Fan said, there were notable product innovation in fields such as 5G, artificial intelligence, and high-performance computing despite global economic disruptions.

Future areas of interest are likely to be electric autonomous vehicles, metaverse development, and advanced semiconductor technologies, according to Fan.

However, the global supply chain could also face some uncertainties, particularly after the United States introduced broader curbs on the sale of U.S.-made IC chips and production equipment to China earlier this year, he said.

(By Chang Chien-chung and Lee Hsin-Yin)

 

Link, https://focustaiwan.tw/business/202211020012

 

 

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