The Taiwanese semiconductor industry, including IC manufacturing, design, and packing, forms a major part of Taiwan's IT industry. Due to its strong capabilities in OEM wafer manufacturing and a complete industry supply chain, Taiwan has been able to distinguish itself from its competitors and dominate the global marketplace. Taiwan semiconductor sector accounted for US$115 billion, which is ca. 20% of global semiconductor industry. In selected sectors like foundry operations, Taiwanese companies account for 50% of world market, with Taiwan Semiconductor Manufacturing Company (TSMC) being the biggest player in the foundry market.
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