Semiconductor Foundry Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The semiconductor foundry market was valued at USD 104.74 billion in 2021 and is expected to reach USD 161.20 billion by 2027, registering a CAGR of 7.54% during the period 2022 to 2027. Favorable government initiatives and the increasing demand for semiconductor chips are among the key factors driving the growth of the market.
Key HighlightsThe semiconductor foundry market is consolidated due to a major share of the market being occupied by top players. Moreover, due to the high setup cost of the semiconductor foundry, new players are finding it difficult to enter the market. Some of the key players include Taiwan Semiconductor Manufacturing Company (TSMC) Limited, Global Foundries, United Microelectronics Corporation (UMC), Semiconductor Manufacturing International Corporation (SMIC), Samsung Group, Dongbu HiTek, and STMicroelectronics.
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