The production value of Taiwan’s semiconductor industry is expected to hit NT$4.7 trillion (US$146.1 billion) this year, up 15.6 percent from last year, an Industrial Technology Research Institute (ITRI, 工業技術研究院) expert said yesterday.
Terry Fan (范哲豪), a manager at the institution’s Science and Technology International Strategy Center, told a forum hosted by the institute that the output might grow 6.1 percent to NT$5 trillion next year, driven by advanced process technologies and automotive chip production.
The output of the global semiconductor sector could top US$618.5 billion this year, up 4 percent from last year, Fan said.
Photo: Ann Wang, REUTERS
However, the industry could experience a decline next year, when the output is expected to drop 3.6 percent year-on-year to US$596.4 billion, following rapid growth over the past few years due to the need for digital transformation during the COVID-19 pandemic, he said.
Fan said the IC sector has seen significant innovation over the past 10 months, such as in 5G, artificial intelligence and high-performance computing, despite global economic disruptions.
Future areas of interest are self-driving electric vehicles, metaverse development and advanced semiconductor technologies, he said.
However, the global supply chain could also face some uncertainties, particularly after the US this year introduced broader curbs on the sale of US-made chips and production equipment to China, he added.
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