- Taiwan’s IC manufacturing segment is about to fall 2.1 per cent from a year earlier to NT$1.45 trillion in 2019
- The local semiconductor industry is expected to continue to benefit from the strength of its IC design segment
According to a recent report by Industrial Technology Research Institute, Taiwan’s semiconductor industry is set to grow just 0.1 per cent from a year earlier in 2019 in the wake of a weakening global economy amid a trade war.
The report stated that Taiwan’s IC manufacturing segment is about to fall 2.1 per cent from a year earlier to NT$1.45 trillion in 2019, as the memory IC segment is likely to see a 25.8 percent year-on-year decline in output, which is forecast at NT$148.7 billion.
About the local semiconductor industry
It mentioned that the local semiconductor industry is expected to continue to benefit from the strength of its IC design segment, which is forecast to generate NT$671.1 billion in production value in 2019, up 4.6 percent from a year earlier.
Chiang Po-feng, an ITRI analyst, told Focus Taiwan that chips used in automotive and industrial electronics devices are expected to serve as a driver to the global IC semiconductor sector’s growth.
He further stated that the global electronics sector is expected to see the compound annual growth rate during the 2018-2023 period up by 4.1 per cent, which is expected to lend strong support to the global IC industry.
