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‘Semiconductor Report – Annual Review 2006”, a report by US-Taiwan Business Council, asserts that 2006 was a year of stupendous growth for the leading foundry and Dynamic Random Access Memory (DRAM) chipmakers of Taiwan. With the expansion of production capabilities in 12” wafer fabs and by setting up of new alliances, Taiwan has geared itself for a record growth in 2007. The council also predicts Taiwan to become the largest DRAM producer in the world.

According to an estimate by the Business Council, DRAM makers in Taiwan will buy US$ 6.9 Billion in chip equipment this year.

Taiwanese companies hold a significant stake in worldwide technology production, subsuming 98% of motherboards, 72% LCD monitors, and 82% notebook computers, says the latest figures from the Institute for Information Industry (III) of Taiwan.

The recent data from the Ministry of Economic Affairs, Taiwan, reveals that in 2006, US companies imported technology products worth $73.3 Billion from Taiwan. It was a rise of 11% from 2005.

Rupert Hammond-Chambers, President, US-Taiwan Business Council, said in the press release of the council published on February 1, 2007 by Business Wire, “The global economy is increasingly reliant on the supply chain synergies driven by Taiwan and its regional partners. These partnerships produce many of the technology products on which we have become reliant, and which serve to improve business productivity and to empower consumers. The present trends point towards Taiwan increasing its supremacy in certain key sectors, particularly in semiconductors”.

According to the RNCOS report “Semiconductor Industry (2007-2010)”, Taiwan has become a vital part of the global semiconductor industry. Large-scale manufacturing of electronics at domestic level and high outsourcing of electronic products are primarily fueling the growth in semiconductor market.