Annual semiconductor revenue APAC 1986-2024
In 2023, semiconductor orders in the Asia-Pacific region generated a total revenue of nearly 290 billion U.S. dollars. This represented a decrease from almost 331 billion dollars of annual revenue generated in 2022.
The silicon age
Due to the systematic nature of how trends like artificial intelligence and the Internet of Things are impacting countless sectors and changing our daily lives, they are often referred to as the Fourth Industrial Revolution or simply Industry 4.0. Industry 4.0's infrastructure is largely based on semiconductors and therefore inherently reliant on them. Reflective of this reliance, the semiconductor market revenue worldwide has grown steadily over the last four decades. While the demand for semiconductors has been increasing virtually everywhere, the capacity to physically manufacture them is largely concentrated in Asia. Taiwan was estimated to account for 66 percent of the regional semiconductor foundries market share worldwide in 2022.
Leading companies
The leading semiconductor companies by market revenue worldwide in 2022 were Samsung and Intel. The latter two companies are integrated device manufacturers, meaning they design and manufacture their products themselves. But many other fables companies, such as Qualcomm or Nvidia, outsource their production to foundries. The global semiconductor foundry market is central to the semiconductor industry, and it is dominated by Taiwan Semiconductor Manufacturing Company (TSMC). TSMC produces the world’s most advanced semiconductors and accounted for 56.4 percent of the semiconductor foundries revenue share globally in 2023.
