This research report presents market value forecast and recent quarter review of the Taiwanese fabless IC industry. The report includes fabless IC shipment value, shipment by tier, and product mix and application mix analysis. The content of this report is based on primary data obtained through interviews with fabless IC design houses, and publicly available information such as corporate financial statements. The report finds that Taiwanese fabless IC industry value saw a double-digit sequential decline in the fourth quarter of 2008. Shipment value in the first quarter of 2009 is expected to fall sequentially and year-on-year.