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TAP TIMES          -27-                                       APRIL 2022

                 Foundry market (from 26)                       share of the pure-play foundry market
                                                                will remain relatively fl at through 2026.
        for the  total foundry market). As a re-
        sult, the Chinese company share of the                  Although the China-based foundries plan
        pure-play foundry market increased by 0.9               to take advantage of the huge amount of
        points to 8.5% in 2021. IC Insights be-                 government and private investment that
        lieves that the total Chinese company                   will be fl owing into the Chinese semicon-
                                                                               ductor market infrastruc-
                                                                               ture over the next fi ve years
                                                                               (which became evident with
                                                                               the huge jump in SMIC’s
                                                                               capex outlays in 2020), it is
                                                                               unlikely they will be able to
                                                                               compete for leading-edge
                                                                               foundry business.


                                                                               Combined, the Chinese found-
                                                                               ries are forecast to hold 8.8%
                                                                               of the pure-play foundry
                                                                               market in 2026, a level that
                                                                               would be 2.6 points less than
                                                                               their peak share of 11.4% in
                                                                               2006. icinsights.com




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