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Taiwanese IT Hardware Industry Grows 15.4% Year-on-year to US$152.9 Billion in 2021: MIC
December 29, 2021


The US-China trade war, supply chain disruptions caused by COVID-19 and geopolitics, and the rise of emerging technologies have played key roles in affecting the global ICT industry since 2020. With ongoing trade conflict and pandemic, the global IT industry has developed towards regional production. This has somewhat put Taiwan at a great advantage as Taiwan has comprises of solid and resilient upstream and downstream industrial supply chain clusters with adequate IT hardware and R&D talents to tap the needs of the global semiconductor, IT hardware, network communications, and smartphone industry. As a result, Taiwan’s IT hardware industry production value is estimated to have reached US$152.9 billion in 2021, up 15.4% year-on-year.

Taiwan IT Hardware Industry Production Value, 2021-2025


Source: MIC, December 2021

Shipment value of the Taiwanese semiconductor industry reached US$35.5 billion in the third quarter of 2021, up 10.3% sequentially and 33.0% year on year. The IC design, semiconductor manufacturing, and OSAT, the three major subsectors of the Taiwanese semiconductor industry, have enjoyed significant growth in orders and revenues in the third quarter as chip demand have continued to soar. IC design companies and memory suppliers have registered outstanding revenue growth thanks to excessive demand in the end market that have forced them to raise IC prices. Hence, production value of the Taiwanese semiconductor industry is estimated to have reached US$130.0 billion in 2021, up 31.8% year-on-year.


Source: MIC, December 2021

Established in 1987, MIC (Market Intelligence & Consulting Institute) is a division of III (Institute for Information Industry), a major government think tank and IT research institute in Taiwan.

To know more about this topic, please visit:   Recap and Outlook for the Taiwanese Semiconductor Industry, 3Q 2021, Development of the Global and Taiwanese IT Hardware Industry, 2021 and Beyond , Recap and Outlook for the Taiwanese Semiconductor Industry, 3Q 2021, Taiwan ICT Industry Outlook, 2021 and Beyond, Global Semiconductor Industry Development Trends and Emerging Applications

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