Analysts forecast global foundry revenue will hit US$89.6 billion next year
www.taiwannews.com.tw, Dec. 31, 2020 –
TAIPEI (Taiwan News) – Revenue for Taiwan Semiconductor Manufacturing Company (TSMC) and other global foundries is expected to have reached US$84.6 billion in 2020, representing 23.7 percent year-over-year growth, the most in nearly a decade.
According to market research firm TrendForce, demand for chips in the first half of 2020 was fueled by the COVID-19 pandemic, which affected purchases of products related to working from home and distance education. Growth in the second half of the year was attributed to demand for Huawei components caused by U.S. sanctions in addition to increased 5G smartphone sales and 5G base station build-outs.