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NEWS

China's foundry growth to remain slow for next 5 years

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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.