From powering nearly every advanced device on the planet to pioneering the chips of tomorrow, Taiwan's industrial ecosystem stands as a global titan, with its semiconductor sector alone generating over NT$4.47 trillion in revenue in 2023 and commanding a dominant 41.5% of the world's foundry market.
Key Takeaways
- In 2023, Taiwan's semiconductor industry revenue reached NT$4.47 trillion, accounting for 41.5% of global foundry market share dominated by TSMC at 61.7%
- TSMC's capital expenditure for 2024 is projected at US$28-32 billion, with 70% allocated to advanced nodes below 7nm
- Taiwan Semiconductor Manufacturing Company (TSMC) produced 13.6 million 12-inch wafer equivalents in Q4 2023, up 2% QoQ
- Taiwan's PC industry shipped 25.6 million notebooks globally in 2023, holding 85% ODM/OEM market share with Quanta and Compal leading
- Foxconn (Hon Hai) revenue from servers reached NT$1.2 trillion in 2023, 25% YoY growth driven by AI data centers
- Taiwan's smartphone ODM shipments totaled 180 million units in 2023, 55% global share led by Pegatron and Wistron
- Taiwan's machine tool industry output value NT$0.58 trillion in 2023, up 5.2% YoY with CNC lathes leading
- Hiwin Mikrosystem Corp's linear guideway production reached 2.5 million meters in 2023, export 75%
- Taiwan's CNC machine tool exports US$3.2 billion in 2023, to China 30%, US 20%
- Taiwan's petrochemical industry ethylene production capacity reached 3.8 million tons/year in 2023
- Formosa Plastics Corp (FPCC) revenue NT$0.95 trillion in 2023, PVC output 2.1 million tons
- Taiwan's PTA (Purified Terephthalic Acid) production 4.2 million tons in 2023, 100% utilization
- China Steel Corporation (CSC) crude steel production reached 21.2 million tons in 2023, up 4.5% YoY
- Taiwan's stainless steel output 1.8 million tons in 2023, 18/8 grades 70%
- CSC's hot-rolled coil (HRC) exports 3.5 million tons in 2023, US 25% share
Taiwan's semiconductor industry dominates globally with massive investments driving advanced chip production.
Electronics
- Taiwan's PC industry shipped 25.6 million notebooks globally in 2023, holding 85% ODM/OEM market share with Quanta and Compal leading
- Foxconn (Hon Hai) revenue from servers reached NT$1.2 trillion in 2023, 25% YoY growth driven by AI data centers
- Taiwan's smartphone ODM shipments totaled 180 million units in 2023, 55% global share led by Pegatron and Wistron
- Delta Electronics' power supply revenue hit NT$350 billion in 2023, with 40% from EV chargers
- Taiwan's flat panel display (FPD) production value was NT$0.85 trillion in 2023, down 5% due to LCD oversupply
- AU Optronics (AUO) produced 120 million sqm of panels in 2023, focusing 30% on microLED prototypes
- Taiwan's consumer electronics export value US$120 billion in 2023, 22% of total exports
- Inventec's server shipments grew 35% to 8 million units in 2023, mainly hyperscale cloud
- Taiwan's PCB production output NT$1.1 trillion in 2023, 35% global share with Unimicron and Nan Ya PCB top
- Acer Group's PC shipments reached 15 million units in 2023, with Chromebook share at 25%
- Wistron NeWeb Corp (WNC) wireless device revenue NT$80 billion in 2023, up 18% on 5G base stations
- Innolux Corp's revenue NT$220 billion in 2023, with TV panels 45% of mix
- Taiwan's ODM notebook market share 90% in 2023, with production value NT$0.65 trillion
- Lite-On Technology's LED revenue NT$45 billion in 2023, automotive lighting up 25%
- Compal Electronics assembled 110 million smartphones for Apple/Samsung in 2023
- Taiwan's communication equipment industry output NT$1.5 trillion in 2023, 12% YoY growth
- Pegatron's iPhone production share 25% in 2023, revenue NT$1.3 trillion
- Taiwan's digital camera module shipments 450 million units in 2023, led by Largan Precision lenses
- AsusTek PC shipments 18 million units in 2023, gaming segment up 20%
- Primax Electronics' peripherals revenue NT$60 billion, webcams up 40% post-pandemic
- Taiwan's smart home device production 150 million units in 2023, export value US$8 billion
- BenQ Materials optical disc revenue down 15% to NT$20 billion in 2023 due to streaming shift
- Quanta Computer's AI server revenue NT$800 billion in 2023, 50% growth
- Taiwan's wearable device ODM shipments 120 million units in 2023, 60% global share
- Elitegroup Computer Systems (ECS) motherboard shipments 25 million units in 2023
Electronics Interpretation
Taiwan’s tech industry spent 2023 building the world's laptops, phones, and AI infrastructure in the background, while quietly reminding everyone that when you power up, plug in, or log on, you’re probably connecting to something they designed or built.
Machinery
- Taiwan's machine tool industry output value NT$0.58 trillion in 2023, up 5.2% YoY with CNC lathes leading
- Hiwin Mikrosystem Corp's linear guideway production reached 2.5 million meters in 2023, export 75%
- Taiwan's CNC machine tool exports US$3.2 billion in 2023, to China 30%, US 20%
- Victor Taichung Machinery's vertical machining centers shipments 15,000 units in 2023
- Taiwan's plastic injection molding machine production 45,000 units/year average 2020-2023, global share 60%
- Tongtai Machine & Tool's revenue NT$8.5 billion in 2023, aerospace parts up 18%
- Taiwan's industrial robot installations grew 25% to 12,000 units in 2023
- AirTAC International Group's pneumatic components revenue NT$12 billion, cylinders 50% mix
- Taiwan's gear cutting machine output NT$15 billion in 2023, precision gears for EVs surging
- Kingston Technology's mechanical arm production for semiconductors 5,000 units in 2023
- Taiwan's metal forming machine tools export value US$1.1 billion in 2023, Japan 25% share
- YCM Alliance Technology vertical mills installed base 50,000 globally by 2023
- Taiwan's EDM (Electrical Discharge Machine) production 8,000 units in 2023, 40% global market
- Shieh Yih Machinery's grinding machines revenue NT$4.2 billion, automotive parts focus
- Taiwan's automation equipment industry output NT$0.42 trillion in 2023, up 10%
- President's Machinery horizontal boring mills exports to Europe up 30% in 2023
- Taiwan's waterjet cutting machine production 3,500 units in 2023, composite materials demand
- Cheng Tai Machinery hydraulic presses revenue NT$3.8 billion in 2023
- Taiwan's 3D printer manufacturing output NT$5 billion, industrial models 70%
- Pao Jiang Industrial's spindle production 1.2 million units in 2023
Machinery Interpretation
Taiwan's industrial might is not just spinning its gears; it's a precisely engineered, robotically assembled, and globally exported powerhouse that machines, molds, and moves the world from semiconductors to spacecraft.
Petrochemicals
- Taiwan's petrochemical industry ethylene production capacity reached 3.8 million tons/year in 2023
- Formosa Plastics Corp (FPCC) revenue NT$0.95 trillion in 2023, PVC output 2.1 million tons
- Taiwan's PTA (Purified Terephthalic Acid) production 4.2 million tons in 2023, 100% utilization
- LCY Chemical Corp's butadiene rubber output 120,000 tons in 2023, tires 60% use
- Taiwan's aromatics production (benzene, toluene) totaled 2.5 million tons in 2023
- CPC Corporation's naphtha cracking capacity 1.6 million tons/year at Linyuan plant post-2023 upgrade
- Nan Ya Plastics PET resin production 1.8 million tons in 2023, bottle grade 70%
- Taiwan's synthetic rubber industry output 450,000 tons in 2023, SBR up 8%
- Formosa Petrochemical Corp (FPCC) gasoline production 8 million kiloliters in 2023
- TSRC Corporation's TPE (Thermoplastic Elastomer) revenue NT$25 billion in 2023
- Taiwan's ABS resin production capacity 1.2 million tons/year by 2023, Chi Mei Corp leader
- Evergreen Plastics' EPS (Expanded Polystyrene) output 300,000 tons in 2023
- Taiwan's methanol import dependency 95% in 2023, consumption 1.1 million tons
- UPC Technology's polycarbonate production 150,000 tons in 2023, auto parts 40%
- Taiwan Plastics' PE (Polyethylene) output 1.4 million tons HDPE/LDPE in 2023
- Sinopec's Mailiao complex produced 10 million tons olefins equivalents in 2023
- Taiwan's phenol/acetone production 400,000 tons in 2023, polycarbonate feedstock
- Chang Chun Petrochemical's VCM (Vinyl Chloride Monomer) capacity 1.05 million tons post-2023 expansion
- Taiwan's paraxylene production 3.9 million tons in 2023, export 50%
- Oriental Petrochemical's BDO (1,4-Butanediol) output 120,000 tons, spandex use
- Taiwan's cumene production 500,000 tons in 2023, phenol chain
- Respoly's recycled PET resin production 200,000 tons in 2023, circular economy push
Petrochemicals Interpretation
From all this bustling production of plastics, rubber, and chemicals—enough to wrap the world several times over—it's clear Taiwan's petrochemical industry is not just playing around; it's literally building the modern world molecule by molecule.
Semiconductors
- In 2023, Taiwan's semiconductor industry revenue reached NT$4.47 trillion, accounting for 41.5% of global foundry market share dominated by TSMC at 61.7%
- TSMC's capital expenditure for 2024 is projected at US$28-32 billion, with 70% allocated to advanced nodes below 7nm
- Taiwan Semiconductor Manufacturing Company (TSMC) produced 13.6 million 12-inch wafer equivalents in Q4 2023, up 2% QoQ
- Taiwan's IC design industry output grew 24.7% YoY to NT$1.04 trillion in 2023, led by MediaTek and Novatek
- Global share of Taiwan's wafer fab equipment spending was 18% in 2023, with Applied Materials and ASML as key suppliers
- Taiwan's packaged IC output value hit NT$1.47 trillion in 2023, up 8.1% YoY, driven by AI and HPC demand
- United Microelectronics Corporation (UMC) reported Q4 2023 revenue of NT$52.33 billion, with 28nm process at 25% capacity utilization
- Taiwan's semiconductor testing industry revenue was NT$0.35 trillion in 2023, with ASE Technology Holding as leader at 40% market share
- In 2022, Taiwan accounted for 92% of global advanced semiconductor packaging capacity for CoWoS technology
- Taiwan's R&D expenditure in semiconductors reached NT$250 billion in 2023, supported by government subsidies of NT$100 billion via National Development Fund
- Global Advanced Manufacturing Integrated Circuit (IC) Center (GAMC) in Taiwan produced first 2nm trial wafers in 2023
- Taiwan's semiconductor workforce exceeded 320,000 employees in 2023, with average salary NT$1.8 million annually
- Export value of Taiwan's semiconductors was US$180 billion in 2023, 38% of total merchandise exports
- TSMC's Arizona fab Phase 1 capacity ramped to 20,000 wafers/month by end-2024, investing US$12 billion
- Taiwan's SiP (System-in-Package) market grew 15% to US$5.2 billion in 2023, led by smartphone applications
- Powerchip Semiconductor Manufacturing Corp (PSMC) focused 40% capacity on automotive-grade chips in 2023
- Taiwan's EUV lithography tool installations reached 50 units by 2023, mostly at TSMC
- Semiconductor Materials output in Taiwan was NT$0.45 trillion in 2023, with photoresists up 20% YoY
- VIS (Vanguard International Semiconductor) Q4 2023 revenue NT$10.2 billion, 55% from automotive and power management ICs
- Taiwan's share of global memory IC production was 12% in 2023, mainly DRAM by Nanya and Winbond
- Government allocated NT$3 trillion for semiconductor infrastructure by 2030, including Kaohsiung Nanzih fab cluster
- TSMC's 3nm process yield exceeded 60% in mass production by mid-2023
- Taiwan's IC substrate production capacity was 2.5 million sqm/month in 2023, 65% global share
- Etron Technology's CIS (CMOS Image Sensor) revenue grew 30% to NT$5 billion in 2023
- National Nano Device Labs (NDL) developed 1.4nm GAAFET prototypes in 2023
- Taiwan's semiconductor equipment import value was US$15 billion in 2023, up 25% YoY
- Global Unichip Corp (GUC) taped out over 500 designs in 2023, focusing on 5nm/3nm SiP
- Taiwan's discrete semiconductor output NT$0.12 trillion in 2023, with MOSFETs for EVs surging
- ITRI's 3D IC stacking technology achieved 40% performance boost in prototypes 2023
- Taiwan's SiC (Silicon Carbide) wafer production capacity reached 200,000 wafers/year by 2023
Semiconductors Interpretation
While Taiwan's semiconductor dominion is built on a TSMC-sized foundation of staggering scale and constant innovation, these statistics reveal an island-wide ecosystem that is meticulously fortifying every link in its supply chain, from advanced R&D to specialized manufacturing, ensuring its indispensable role in the global tech landscape remains as unshakeable as a well-anchored silicon wafer.
Steel
- China Steel Corporation (CSC) crude steel production reached 21.2 million tons in 2023, up 4.5% YoY
- Taiwan's stainless steel output 1.8 million tons in 2023, 18/8 grades 70%
- CSC's hot-rolled coil (HRC) exports 3.5 million tons in 2023, US 25% share
- Yieh Phui Enterprise's galvanized steel production 1.2 million tons in 2023, auto sector 40%
- Taiwan's wire rod production 2.1 million tons in 2023, construction use 60%
- CSC's EAF (Electric Arc Furnace) steelmaking capacity utilization 92% in 2023
- Tung Ho Steel's rebar output 1.05 million tons in 2023, earthquake-resistant grades
- Taiwan's cold-rolled steel sheet production 4.8 million tons in 2023, appliances 35%
- Po Hang Iron Works' billet production 800,000 tons in 2023
- CSC's high-strength steel for automotive HSLA grades output 1.5 million tons in 2023
- Taiwan Steel Union (TSU) structural steel revenue NT$15 billion, beams 50%
- Feng Hsin Steel's section steel production 900,000 tons in 2023, shipbuilding demand
- Taiwan's steel pipe production 1.4 million tons OCTG in 2023, oil/gas 30%
- Uptech Steel Pipe's ERW pipe output 500,000 tons, infrastructure projects
- CSC's green steel initiative reduced CO2 emissions by 1.2 million tons in 2023 via hydrogen injection trials
- Taiwan's silicon steel (electrical steel) production 250,000 tons in 2023, motor cores
- Dragon Steel Corp's slab production 2.8 million tons in 2023, API grades for pipes
- Taiwan's special steel bar production 600,000 tons alloy/tool steel in 2023
- Lo-Tem Steel's deformed bar output 700,000 tons SD420 grade in 2023
- CSC's plate mill produced 3.2 million tons heavy plates, offshore wind towers 20%
Steel Interpretation
While Taiwan’s steel industry is busy propping up everything from skyscrapers to appliances at home, it’s also shrewdly forging a global identity, cleverly shipping a quarter of its hot-rolled coil to the U.S., fortifying its own infrastructure against earthquakes, and even greening its furnaces, all while standing on a foundation of remarkably specific and robust production data.
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