Taiwan chip output set to grow in 2023 amid ‘bullish’ talent demand, automotive trends despite slowing exports
- Demand for tech talent will be ‘bullish’ this year because Taiwan’s major chip suppliers will continue to expand their business, said SEMI Taiwan president Terry Tsao
- Taiwan’s exports fell by 12.1 per cent, year on year, to US$35.75 billion in December, marking a fourth straight monthly decline
New worldwide automotive trends will ensure that factory output and hiring for the massive Taiwanese chip sector will grow this year, according to a forecast from a semiconductor industry association, despite figures from Taipei showing a fourth straight monthly decline in exports in December.
Demand for tech talent will be “bullish” this year because Taiwan’s major chip suppliers will continue to expand their business, said Terry Tsao, president of SEMI Taiwan.
It is expected that automotive chips in 2023 will continue to push growth of the semiconductor industry
“Instability in supply-chain production and transportation congestion caused by supply shortages gradually eased in 2022 and are expected to recover to normal in 2023,” Tsao told the Post, referring to disruptions sparked by coronavirus controls.
“The demand for automotive chips will continue to increase with the introduction of electric vehicles and driver-assistance systems, and furthermore the supply of automotive chips continues to improve and gradually meet market demand.
“It is expected that automotive chips in 2023 will continue to push growth of the semiconductor industry.”
The global SEMI group, which has 2,500 members and covers the Taiwan organisation, said in December that producers worldwide would invest more than US$500 billion across 84 “volume” chipmaking facilities.