With the rising demand of Europe and US markets, shipment value of the Taiwanese semiconductor industry is estimated to reach nearly NT$2.4 trillion (USD 82.2 billion; USD1 = NT$ 29.2) and grow lower than the global average at 5.8% in 2018 compared to 2017, according to Taipei-based, government-backed IT research institute MIC (Market Intelligence & Consulting Institute). "Globally, the semiconductor market is forecast to grow at 6.9% this year compared to last year, despite of the declining PC demand and the restricted smartphone growth," says Jessica Hsu, senior industry analyst with MIC.

Taiwanese Semiconductor Industry Shipment Value, 2011-2018

Note: USD 1 = NT$29.2

Source: MIC, June 2018

"In 2018, the increasing demand for DRAM and NAND flash is to bolster the global semiconductor market, with an estimated market value of USD440.6 billion."

To see more about this report, please visit: Taiwanese IC Packaging & Testing Industry, 1Q 2018, Recap And Outlook For The Worldwide Wafer Foundry Industry In 2017, The Taiwanese Semiconductor Manufacturing Industry, 1Q 2018

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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