Pune, September 6, 2024 (GLOBE NEWSWIRE) — Market size and growth analysis:
“The semiconductor foundry market size was valued at USD 118.6 billion in 2023. According to SNS Insider research, it is expected to grow at a CAGR of 6.63% over the forecast period 2024-2032, reaching USD 211.34 billion by 2032.”
The CHIPS Act will foster market expansion, innovation and growth in the semiconductor foundry sector.
Driven by growing demand for cutting-edge electronics, IoT devices, and AI-based innovations, the semiconductor foundry industry is poised for a significant expansion. The CHIPS Act of 2022 will play a key role in bolstering domestic semiconductor production, which has declined significantly from 37% in 1990 to just 12% today. The Act sets aside $52 billion in funding and provides a 25% tax credit to promote domestic chip manufacturing. The CHIPS Act aims to improve market competitiveness by strengthening U.S. semiconductor capabilities, address supply chain weaknesses, and foster innovation, ultimately boosting the foundry sector and maintaining global technological leadership.
Demand for semiconductors is increasing due to advances in AI and IoT.
The semiconductor industry is making a strong recovery after a dip in 2023, driven by rising demand in the AI, 5G and IoT industries. In July 2024, global semiconductor revenues surged to $51.3 billion, up 18.7% year over year and 2.7% from June 2024. This is due to lower inflation and recovering demand. The rise of generative AI is giving semiconductor technology a big boost, and the sector is forecast to grow 16% this year to $611.2 billion, led by 25% growth in the Americas. Forecasts show continued expansion, with global sales expected to reach $687.4 billion by 2025, driven by potential interest rate cuts by the Federal Reserve.
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Major players profiled in this research report are:
– Taiwan Semiconductor Manufacturing Company
– United Microelectronics Corporation
– Samsung Group
– STMicroelectronics NV
– Vanguard International Semiconductor Corporation
– MagnaChip
– Power chip semiconductor manufacturing
– Global Foundry
– Semiconductor Manufacturing International Corporation
– Fujitsu Semiconductor
– TowerJazz
– X-FAB Silicon Foundry
– United Microelectronics Corporation
Semiconductor Foundry Market Report Coverage:
Report Attributes Details Market Size in 2023 $118.6 billion Market Size by 2032 $211.3 billion CAGR 6.63% from 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Segments • By Foundry (Id Ms, Pure Play Foundries)
• By technology (10/7/5 Nm, 16/14 Nm, 20 Nm)
• By vertical (Automotive, Aerospace, Consumer Electronics, Healthcare, Industrial, Pure IDMS) Key Growth Drivers • Increasing popularity of portable and network-enabled devices.
• There is growing interest in 5G wireless and IoT solutions.
The rise of pure-play foundries and consumer electronics is driving dominance and innovation in the semiconductor foundry market.
Based on foundry type, pure-play foundries accounted for 56% revenue share in the semiconductor foundry market in 2023, outperforming due to focused strategies and innovation. Unlike integrated device manufacturers (IDMs), pure-play foundries such as Taiwan Semiconductor Manufacturing Company (TSMC) focus solely on semiconductor manufacturing and invest heavily in cutting-edge technologies such as 5nm and 3nm nodes. Their ability to quickly adopt new process technologies and expand capacity, as evident in TSMC’s new fabs and global foundries’ advancements in RF and power management, has kept them industry leaders. Their specialized focus and aggressive expansions drive technology advancements and market growth.
By industry vertical, consumer electronics was expected to account for 38% of the semiconductor foundry market in 2023, driven by the popularity of advanced devices such as smartphones and wearables. Demand for 5G, AI, and IoT is driving growth as foundries increase production and innovation to meet the need for advanced, energy-efficient chips.
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Key Market Segmentations
By foundry
technology
By Industry
Automotive Aerospace Consumer Electronics Healthcare Pure Idms
Regional advantage in the semiconductor foundry market.
North America, with its strong innovation network, infrastructure, and investments, was at the forefront of the semiconductor foundry market in 2023, accounting for a 34% revenue share. Leading players such as Intel, Global Foundries, and Texas Instruments are driving this leadership position. Intel’s growth through Intel Foundry Services combined with the debut of its 18A process node and Global Foundries’ 22FDX+ platform for 5G and IoT highlights progress in North America. Government programs such as the CHIPS Act continue to drive expansion, as evidenced by TSMC opening a new 5nm fab in Arizona.
With a 27% market share in the semiconductor foundry industry in 2023, Asia Pacific is driven by rapid technological advancements and strong manufacturing capabilities from Taiwan, South Korea, China, and Japan. TSMC remains at the forefront of chip technology with its continued commitment to 3nm innovation and 2nm advancements. South Korea’s Samsung Electronics is pushing the boundaries through its 2nm process technology. Despite facing export restrictions, China’s SMIC (SMIC International Integrated Circuit Manufacturing Co., Ltd.) is making progress in 7nm technology, unlike Japan’s Renesas and Sony, which are focused on producing specialized semiconductors.
Recent Developments
On July 28, 2023, TSMC opened a global R&D center in Hsinchu, Taiwan to work with industry and academic partners to drive semiconductor innovation. In January 2023, Apple unveiled new MacBook Air and iMac models with Apple M3 processors manufactured using TSMC’s 3-nanometer technology. The processors began production in December 2022. In July 2023, Metalenz and UMC partnered to mass-produce optical lenses for 3D imaging in a range of devices using UMC’s semiconductor platform.
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Key Points for the Semiconductor Foundry Market
Stay updated on market trends, factors driving growth, and obstacles to align your strategy. Gain competitive knowledge by understanding top companies, their market shares, and trends in strategic collaborations and investments. Identify potential areas of growth and regions to focus investments on. Study industry-specific trends to align your product offerings with market demands.
Table of Contents – Analysis of Key Points
1. Introduction
2. Overview
3. Research Methods
4. Market Trend Impact Analysis
5. Statistical insights and trend reports
5.1 Wafer production by region (2023)
5.2 Chip design trends (past and future)
5.3 Fab utilization rate (2023)
5.4 Supply Chain Indicators
6. Competitive Environment
7. Semiconductor Foundry Market Segmentation (By Foundry)
8. Semiconductor Foundry Market Segmentation by Technology
9. Semiconductor Foundry Market Segmentation by Industry
10. Regional Analysis
11. Company Profile
12. Use Cases and Best Practices
13. Conclusion
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