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The global semiconductor foundry market exhibited moderate growth during 2015-2020. A semiconductor foundry, also known as a fab and fabrication plant, refers to a factory wherein devices like integrated circuits (ICs) are manufactured using photolithography. The process involves photographing the circuit pattern on a photosensitive substrate and chemically etching the background. ICs are produced in different technological nodes like 7nm, 10nm, 20nm, etc., which cater to multiple applications. Semiconductor foundries comprise a clean room with a regulated environment for eliminating dust and vibrations, as well as keeping the humidity and temperature within a controlled range. First developed in the late 1980s, they generally include integrated device manufacturers (IDMs) that focus mainly on manufacturing.
The growing demand for ICs for use in automobiles, consumer electronics, medical devices, military equipment and smart home appliances is one of the major factors driving the market growth. Also, the rising penetration for the Internet of Things (IoT)-enabled devices across the globe is positively influencing the demand for ICs. IoT devices make decisions by processing information and help users in connecting various devices to the internet. As a result, they are employed in multiple industries, including retail, medical, automotive and electronics. Furthermore, support from governments of numerous countries for the development of semiconductor technology is spurring the growth of the market. For instance, the New York Center for Research, Economic Advancement, Technology, Engineering, and Science (NY CREATES) and Cree, Inc., a leader in silicon carbide (SiC) technology, announced their partnership on September 23, 2019 for developing the world’s first 200mm SiC wafer fabrication facility in Marcy, near Utica. The company will invest US$ 1 Billion in this project, with a US$ 500 million grant from Empire State Development, the umbrella organization for New York state’s economic development. Looking forward, IMARC Group expects the global semiconductor foundry market to grow at a CAGR of 7% during 2021-2026.
Breakup by Technology Node:
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The competitive landscape of the industry has also been examined with some of the key players being TSMC, DB HiTek, Fujitsu Semiconductor, GlobalFoundries, Magnachip, Powerchip, Samsung Group, Semiconductor Manufacturing International Corporation, STMicroelectronics, Tower Semiconductor Ltd., United Microelectronics Corporation, X-Fab, etc.
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