Bolstered by the increased demand for smartphone ICs in the second quarter of 2016, Taiwan's semiconductor industry as a whole managed to witness a stronger year-on-year growth in 2016, higher than the global average, according to Taipei-based IT research institute MIC (Market Intelligence & Consulting Institute).

In 2017, the Taiwanese industry is anticipated to continue to grow steadily owing mainly in part to the growth in the fabless IC sector as result of the increasing smartphone orders and the sustained momentum in the foundry industry as result of advanced process technologies.

As for the global semiconductor market, as the PC market decline is slowing down and automotive electronics demand is taking off, the market will be able to resume single-digit growth in 2017.
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