"Though global semiconductor market value is anticipated to decline 3.2% year-on-year in 2016 to US$329.1 billion, Taiwanese semiconductor industry will still manage to grow over 5% in 2016, higher than the global average," says senior analyst Yaru Shih at a Spring Forum event held by MIC (Market Intelligence & Consulting Institute) in Taipei from June 1 to 3.

Taiwan Semiconductor Industry Shipment Value, 2009 - 2016

Note: Rockchip's revenue has been consolidated into Micron since 2013 and thus has been excluded from Taiwan IC manufacturing-memory shipment value accordingly

Source: June 2016

"Global market value is anticipated to decline in 2016 as the market demand for PCs and smartphones will remain subdued. In Taiwan, the industry was dragged by sluggish DRAM and fabless IC shipments last year, but this year the situation is being mitigated, especially in the fabless IC and wafer foundry domains. Therefore, we believe Taiwan will be able have an over 5% year-on-year growth this year," Shih explains.

To see more about this report, please visit: The Taiwanese Fabless IC Industry, 1Q 2016, Gobal DRAM Supply and Demand Forecast, 1H 2016, Taiwanese IC Packaging & Testing Industry, 1Q 2016, Taiwanese Semiconductor Manufacturing Industry, 1Q 2016

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About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. https://mic.iii.org.tw/english