Taiwan set to dethrone S. Korea as largest, fastest-growing semiconductor manufacturing equipment market in world

Taiwan News
Date: 2019/07/11
By: Keoni Everington, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — Taiwan is set to surpass South Korea as the largest and fastest-growing semiconductor manufacturing equipment market in the world with a growth rate of 21.1 percent this year, according to SEMI.

In its latest report, SEMI predicts that only Taiwan and North America will see growth in the semiconductor manufacturing market this year, while the markets in South Korea, China, Japan, and Europe will decline. Taiwan is set to become the largest and fastest growing semiconductor equipment maker in the world by increasing by 21.1 percent to reach US$12.31 billion.

Due in part to geopolitical tensions, SEMI forecasts downward adjustments to capital expenditures in the semiconductor industry as a whole. SEMI predicts that the global semiconductor manufacturing market will slip to US$52.7 billion this year, a drop of 18.4 percent from last year, which saw an all-time high of US$64.5 billion last year.    [FULL  STORY]