www.thelec.net, Mar. 11, 2022 –
China's market share in the global foundry market is expected to remain flat for the next five years, according to analyst firm IC Insights.
The country accounted for 8.5% of the global foundry market in 2021 but this will only grow to 8.8% by 2026, according to the firm.
China peaked at taking 11.4% of the global foundry market in 2006 but growth has stalled since then, according to IC Insights.
Since 2009, the country held only a single-digit market share up to 2021.
The Semiconductor Industry Association had said recently that last year China spend US$26 billion on 28 new fab projects.
The association said the country produced 261.3 billion chips in 2020 but this increased to 359.4 billion chips, a 33.3% increase.
However, compared to this overall growth in semiconductors, those for foundry remains relatively slow.