Taiwan dethrones South Korea to rule in semiconductor market

Taiwan secured biggest market share in global sales of semiconductor equipment

Wafer (Getty Images photo)

Wafer (Getty Images photo)

TAIPEI (Taiwan News) — Taiwan claimed the lion’s share of the global semiconductor market last year, removing South Korea from the top spot, according to a report released by industry association Semiconductor Equipment and Materials International (SEMI).

Global sales in semiconductor equipment logged US$59.8 billion in 2019, reflecting a 7 percent drop from 2018. Taiwan raked in US$17.12 billion in sales, which represented a 68 percent growth.

China retained second place with sales of US$13.45 billion. South Korea, whose sales plummeted 44 percent to US$9.97 billion, was dethroned and slipped to the third spot.

Semiconductor equipment sales grew for the third year in a row in North America, which logged US$8.15 billion. This is in contrast to the other regions in the world; Europe, Japan, and everywhere else saw sales dip 46 percent, 34 percent, and 38 percent, respectively.

Wafer processing equipment sales were down 6 percent in 2019, while other front-end segment sales rose 9 percent. Sales of assembly and packaging, as well as test equipment, reported lack-luster performances, falling 27 percent and 11 percent, respectively.