Record production value forecast for Taiwan semiconductor sector in 2022

10/05/2022 07:51 PM
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CNA file photo
CNA file photo

Taipei, Oct. 5 (CNA) Taiwan's semiconductor sector could see record production value this year, thanks to demand for high performance computing devices and automobile electronics, the Ministry of Economic Affairs (MOEA) reported Wednesday.

Despite dwindling demand for hi-tech devices from end consumers across the globe, the production value of the local semiconductor sector is expected to grow further this year, according to MOEA's Department of Statistics, which noted that the figure for the January-July period reached about NT$2.05 trillion (US$64.93 billion), up by 32.2 percent year on year, with NT$2.84 trillion recorded for the whole of 2021.

Dedicated foundries are the main engine behind the sector's output growth, contributing 68.2 percent of the production value achieved in the first seven months, followed by 19.1 percent from the packaging and testing industry and 5.5 percent from DRAM makers.

During the January-July period, dedicated foundries saw their output value surge by 39.9 percent from the previous year to NT$1.396 trillion, an all-time high for the same period.

Outbound shipments of Taiwan-made IC products were the second highest in the world, accounting for 15.2 percent in terms of global sales value last year as compared with 14.9 percent in 2017, department data showed.

(By Flor Wang and H. T. Cheng)

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