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Home » Market Update » IC Insights: Foundry market expected to achieve 23% growth in 2021

According to the latest report from IC Insights, robust demand for advanced processors used in networking and data centre computers, new 5G smartphones, and ICs used in other high-growth market applications such as robotics, self-driving vehicles and driver-assist automation, artificial intelligence, machine-learning and image recognition systems, is forecast to lift total foundry sales to $107.2 billion in 2021, a 23% increase that would match the record growth rate set in 2017.

It is worth noting that the strong growth rate in 2017 was primarily due to Samsung re-classifying its System LSI internal transfers as foundry sales, rather than strong organic market growth.

Total foundry sales this year are forecast to surpass the $100-billion mark for the first time and continue increasing at a strong 11.6% average annual growth rate through 2025 when total foundry sales are expected to reach $151.2 billion.

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