Semiconductor Foundry Market Size, Share, Growth Analysis, By Technology(CMOS, BiCMOS, GaAs), By Foundry Type(Pure Play Foundry, IDMs), By Application(Automotive, Consumer Electronics, Industrial, Healthcare), By Region - Industry Forecast 2024-2031

The size and share of the semiconductor foundry market are maximum in Asia Pacific. Region has become a super place for semiconductor manufacturing particularly by China, Taiwan and South Korea. Strong foundries in this region with major share and years of semiconductor fabrications, such as TSMC, Samsung Foundry and SMIC support these countries. Taiwanese chip maker TSMC announced in April 2024 that it will be building its third semiconductor production facility in Phoenix, Arizona, in the United States. TSMC Arizona and the U.S. Department of Commerce have signed a memorandum of agreement under the CHIPS and Science Act, which may result in up to USD 6.6 billion in direct funding. 

North America is expected to grow at the fastest pace during the forecast period due to the increasing requirement for semiconductor solutions in leading-edge applications such as data centers, 5G infrastructure, and driverless cars. These applications drive the requirement for semiconductor foundry services in the region as they demand sophisticated semiconductor technology. American semiconductor companies and foundries are continuously investing in R&D, technological advancement, and manufacturing capabilities to stay ahead of the competition and match the changing semiconductor foundry market trends. Investments keep driving the growth and innovation of the semiconductor foundry market. As part of the CHIPS and Science Act, the White House provided USD 5.0 billion for chip R&D programs in February 2024. The investment was witnessed to help support local manufacturing and innovation in semiconductors as the nation seeks to reduce dependence on overseas suppliers following global chip shortages.