SELBYVILLE, Del., Oct. 31, 2024 (Globe Newswire) — The semiconductor foundry market will be valued at $120 billion in 2023 and $254 billion by the end of 2032, according to a recent study from Global Market Insights. is predicted to reach. Co., Ltd.
As data centers proliferate to meet increasing data processing and storage needs, demand for high-performance semiconductors is increasing. Additionally, the proliferation of IoT devices that require semiconductors for connectivity and functionality is further increasing market demand. These trends highlight the growing need for advanced semiconductor manufacturing capabilities to support expanding digital infrastructure and interconnected devices.
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For example, in February 2024, the Indian government approved Tata Electronics’ plan to build a semiconductor factory in Dholera, Gujarat, in collaboration with Taiwan’s Powerchip Semiconductor Manufacturing Corporation. This development highlights India’s growing role in the semiconductor supply chain and signals a strategic move to strengthen global semiconductor production capacity. This could result in a more balanced regional distribution of foundries, reduce supply chain risk, and foster innovation in the industry.
The semiconductor foundry market is segmented on the basis of technology node, application, wafer size, and region.
The 300mm wafer segment is expected to see a significant upturn by 2032 due to its efficiency and cost-effectiveness compared to smaller wafer sizes. Increasing the wafer diameter allows more chips to be produced per wafer, reducing overall manufacturing costs and increasing economies of scale. As semiconductor technology advances and the demand for high-performance chips increases, the 300mm segment is becoming increasingly important. The ability to support complex, high-density circuits gives it a competitive advantage in the market.
The semiconductor foundry market size in the communication sector is expected to secure notable market presence by 2032 due to the rising demand for advanced electronic components for automobiles. Modern vehicles increasingly rely on semiconductors for features such as autonomous driving, advanced driver assistance systems (ADAS), infotainment, and electric vehicle (EV) technology. As the industry moves toward smarter, more connected, and electrified vehicles, the need for high-performance, reliable semiconductor solutions is increasing. This increasing reliance on sophisticated automotive electronics is contributing significantly to the market expansion.
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The Asia-Pacific semiconductor foundry market is expected to register impressive CAGR from 2024 to 2032, driven by robust manufacturing infrastructure, significant investments in technology, and expanding demand for electronics. The region is home to major semiconductor manufacturers and a rapidly expanding electronics industry, driving significant growth in foundry services. Additionally, favorable government policies and increasing adoption of advanced technologies from countries such as China, Taiwan, and South Korea are further strengthening the market. The prominence and progress of the Asia-Pacific region has made it a major contributor to the global market.
Semiconductor foundry market players
Companies such as Globalfoundries Inc., Intel Corporation, Samsung Electronics Co. Ltd (Samsung Foundry), SMIC, Tower Semiconductor Ltd., TSMC Limited, and United Microelectronics Corporation (UMC) are active in the semiconductor foundry industry.
The Semiconductor Foundry Market research report includes detailed coverage of the industry with revenue (USD Billion) estimation and forecast from 2018 to 2032 for the following segments:
By market, technology node
7nm10nm14nm22nm28nm40nm65nm90nmother
By market and application
Home appliances, communications, automobile industry, etc.
Market, by wafer size
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