Shipment value of the Taiwanese fabless IC industry is estimated at NT$574.6 billion (USD18.4 billion; USD 1=NT$31.2) in 2016, up 11.3% year-on-year, according to MIC (Market Intelligence & Consulting Institute), a Taipei-based IT research institute. "The strong performance of Taiwanese fabless IC makers' Chinese smartphone clients, the integration of Taiwan-made controller ICs into the supply chain of international brands, and Taiwanese makers' increasing share of driver ICs for HD LCD panels are contributors to the industry's doubt digit growth this year, " says Yaru Shih, senior analyst with MIC.

Taiwan Fabless IC Shipment Value, 2Q 2013-4Q2016

Source: MIC, September 2016

Looking ahead to 2017, MIC anticipates the industry will continue the growth momentum with a shipment value of NT$614.8 billion (USD19.7 billion) and a year-on-year growth of nearly 7%. "This is because Taiwanese fabless IC manufacturers' shipments for entry-level, mid-range and high-end smartphones will likely see steady growth and that for PC-related ICs such as Type-C and SSD (Solid State Drive) controller ICs will continue to show growth. On top of that, the rising demand for emerging applications including automobile ICs is expected to bolster the industry's shipments in 2017."

To see more about this report, please visit: The Taiwanese Fabless IC Industry, 3Q 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