Semiconductor manufacturing in Taiwan’s semiconductor industry is the “only” industry in which Taiwan can lead the world and is valued by countries around the world.
Fatal to U.S. and Taiwan
Share of GDP
According to data from The Economist magazine in March 2023, the semiconductor industry accounts for 15% of Taiwan’s GDP. Taiwan produces more than 60% of the world’s semiconductors and more than 90% of the most advanced semiconductors.
Data from the U.S. International Trade Commission website: Taiwan accounted for nearly 70% of global wafer foundry revenue in the first quarter of 2023. In recent years, the semiconductor industry has accounted for 13-15% of Taiwan’s gross domestic product (GDP).
According to statistics from the Taiwan Semiconductor Industry Association (TSIA) and the Industrial Technology Research Institute (ITRI), the semiconductor industry will
The output value is estimated to be NT$4.8858 trillion, while Taiwan’s gross national product is approximately NT$25.35 trillion, with semiconductor production accounting for nearly 20% of GNP.
Proportion of Taiwan’s exports
In recent years, chip exports have been the most important force supporting Taiwan’s GDP. Chips account for 40% of exports, while South Korea accounts for less than 20% and Japan only 5%. Taiwan’s economic growth can be maintained at 3%, and the semiconductor industry has made great contributions.
Chip Design
According to data published on the Taiwan government’s website on February 2, 2024: Taiwan’s IC design output value accounts for 20.1% of the global market, second only to the United States.
Electronics weights 70% of TaiEx market
According to the real-time data statistics of Taiwan Uni-President Securities on December 30, 2024, electronic information and communication stocks accounted for 69.78% of the total transaction value of the Taiwan stock market (see below table), among which semiconductors were the largest sub-category of electronic information and communication stocks, accounting for 27.02%.
| Electronics, Computer and Communication | 69.78% | |
| Semiconductor | 27.02% | |
| Electronics | 12.84% | |
| Photoelectric | 9.38% | |
| Electronics others | 6.93% | |
| Communication | 6.42% | |
| Computer and Peripheral Equipment | 5.93% | |
| Information services | 0.73% | |
| Electronics channel | 0.53% |
Exports account for 67%
On September 13, 2024, the Ministry of Finance’s Statistics Department, based on the analysis of the import and export trade statistics released monthly by the Organization for Economic Cooperation and Development (OECD), pointed out that Taiwan’s competitiveness in the electronics industry has been improved, business opportunities for emerging technology applications, and high-end production lines have been Due to factors such as repatriation, the export value-added content ratio rose to 67% in 2020, the highest point in 21 years, indicating that China’s position in the global value chain is moving upstream.
The Ministry of Finance announced that in the first half of 2024, electronic components exports accounted for 27.8%, the best level since statistics were available.
Dominated salary growth
In the five years from 2018 to 2023, the total salary of the electronic components industry in Taiwan will grow by 24%, much higher than the overall 11%. If we look at the period from 2013 to 2023, the salary growth of the electronic components industry in the past ten years is 24%. 70%, while the average growth rate of all industries is only 27%. If we look at the median salary, it has only grown by 18% in the past ten years.
Employment and job provided
Jobs released by electronic communications only account for 10% of total employment. Taiwan’s semiconductor industry employs about 327,000 people, accounting for 2.8% of the total employed population, but accounts for 13.1% of the total economic output; other manufacturing and service industries account for 34.7% and 58.5% of the employed population, but contribute only 32.3% and 33.7% of GDP. 60.8%.
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