SEMI (Semiconductor Equipment and Materials International) recently announced that the global semiconductor manufacturing equipment sales will drop 10.5% to US$57.6 billion in 2019, down from US$64.4% billion in 2018. Nevertheless, SEMI predicts a 5.5% increase in 2020 to US$60.8 billion and a new high in 2021 to US$66.8%. The growth will be attributed to the investment of leading device manufacturers in sub-10nm equipment, mainly for foundry and logic. According to Taiwan’s government-backed research institute MIC (Market Intelligence & Consulting Institute), shipment value of the Taiwanese semiconductor manufacturing industry, led by TSMC, is estimated at US$43.4 billion in 2019, down 5.8% compared to 2018. With the increasing production need on 7nm due to 5G deployment, TSMC is expected a further growth next year, bolstered mainly by brand orders from Apple, Qualcomm, AMD, HiSilicon, and Xilinx. Besides, the Japan-Korea trade fight will also benefit Taiwan’s semiconductor manufacturing industry, especially TSMC.