Bolstered by the increased demand for smartphone ICs in the second quarter of 2016, Taiwan's semiconductor industry as a whole managed to witness a stronger year-on-year growth in 2016, higher than the global average, according to Taipei-based IT research institute MIC (Market Intelligence & Consulting Institute).

Taiwan Semiconductor Shipment Value, 2010 – 2017

Source: MIC, February 2017

In 2017, the Taiwanese industry is anticipated to continue to grow steadily owing mainly in part to the growth in the fabless IC sector as result of the increasing smartphone orders and the sustained momentum in the foundry industry as result of advanced process technologies.

As for the global semiconductor market, as the PC market decline is slowing down and automotive electronics demand is taking off, the market will be able to resume single-digit growth in 2017.

To see more about this report, please visit: Taiwanese Semiconductor Manufacturing Industry, 4Q 2016, Taiwanese IC Packaging & Testing Industry, 4Q 2016, The Taiwanese Fabless IC Industry, 4Q 2016,Dynamics of the Worldwide DRAM Industry and Market

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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