Summary: Despite a slump in the global semiconductor industry in 2023, Taiwan is predicted to retain its position as the second largest semiconductor capacity in the world in 2024, with production capacity expected to increase by over 4 percent from the previous year. The forecast comes from SEMI, the global semiconductor trade association, which also indicates that global semiconductor capacity is projected to rise by 6.4 percent in 2024. Several countries, including Taiwan, are incentivizing production expansion by building new wafer foundry plants and introducing new equipment, as demand for semiconductors is expected to recover in 2024. China is expected to take the top spot in the world, surpassing Taiwan, with government funding and other incentives driving the industry. The Americas, Europe, the Middle East, and Southeast Asia are also expected to see increases in semiconductor capacity. Additionally, the pure wafer foundry segment is projected to be the largest buyer of production equipment for expansion.
According to SEMI President and CEO Ajit Manocha, the upsurge in fab investments globally is fueled by resurgent market demand and increased government incentives. This trend is also attributed to the heightened attention on the strategic importance of semiconductor manufacturing for national and economic security. The forecast highlights the significance of Taiwan’s semiconductor industry and its role in the global market, as the country is expected to hit 5.70 million wafers per month (wpm) in 2024, a 4.2 percent increase from the previous year. In comparison, China is anticipated to achieve 8.60 million wpm, experiencing a 13 percent growth. South Korea is predicted to have the third largest capacity, with 5.10 million wpm, and Japan is expected to reach 4.70 million wpm.
In conclusion, while the global semiconductor industry experienced a downturn in 2023, Taiwan is set to retain its position as the second largest semiconductor capacity. The forecast indicates an overall increase in production capacity worldwide in 2024, driven by resurgent market demand and government incentives. China is projected to become the world’s largest semiconductor capacity, surpassing Taiwan. This growth reflects the strategic importance of semiconductor manufacturing and its impact on national and economic security.
The source of the article is from the blog maltemoney.com.br