The three pillars of Taiwan's semiconductor industry
The global semiconductor market reached US$575.1 billion in 2022, but the figure only covers the IC design and IDM sectors. The entire semiconductor value chain should come close to US$1 trillion if all the other sectors in the ecosystem, including wafer foundry, packaging, testing, equipment, materials and EDA/IP, are taken into consideration. In terms of the market, Taiwan accounted for only 8%. But in terms of the entire value chain, Taiwan had an over 17% share. And Taiwan leads anyone else in the world in advanced chip manufacturing proces...