The world’s largest foundry recently announced that the company plans to spend between US$40 billion and US$44 billion for capital investment in 2022, up from US$30 billion last year, the Economic Daily reported on January 14. Of the total capex, 70%-80% of which will be for advanced processes, 10% for advanced packaging and mask making, and the remaining 10%-20% for special process technology. It is estimated that TSMC's production capacity will increase by about 5% to 14,876,667 12-inch wafers in 2022, up from 14,179,000 12-inch wafers last year.
During the forecasted period 2021-2024, Taiwan’s leading research institute MIC (Market Intelligence & Consulting Institute) estimates Taiwan’s foundry industry will witness a CAGR (Compound Annual Growth Rate) of 10%, followed by IC design’s 7.9%, memory’s 7.5%, and IC packaging and testing’s 7.2%. Overall, the Taiwanese semiconductor industry will still perform better than the global average during 2021-2022. Global semiconductor market is estimated to grow 25.1% and 10.1% year-on-year in 2021 and 2022, reaching US$550.9 billion and US$606.5 billion, respectively, according to MIC.