JW Insights: China’s wafer foundry market scale is up 47.5% in 2022

By Li Panpan

(JW Insights) May 19 -- The scale of wafer foundry market in China in 2022 registered RMB103.58 billion ($14.70 billion), an increase of 47.5% from 2021, according to the just released “JW Insights 2022 Research Report on Chinese Foundries.”

The compound growth rate of the wafer foundry market in China from 2017 to 2022 reached 21.4% with high-speed and stable growth.

In 2022, the world's top ten wafer foundry companies accounted for 97.8% of the market share. By region, the Chinese mainland’s foundries accounted for 11%, while those from the Taiwan region for 65%.

The revenue share of Chinese wafer foundries is on the rise and is expected to reach 12% in 2024, said the JW Insights report.

JW Insights is the leading Chinese consulting service for the country's semiconductor and ICT industries. The detailed report is available on its official website and app in Chinese.