Report Outlook

In 2023, consumer demand remained sluggish due to global economic and political uncertainties, compounded by ongoing interest rate hikes by central banks aimed at curbing inflation. Electronic product inventories, including smartphones and PCs, experienced an adjustment phase, contributing to a decline in the output value of Taiwan's IC testing and packaging industry. IEK Consulting estimates that the output value of Taiwan's IC testing and packaging industry reached NT$583 billion in 2023, marking a 14.9% decrease from 2022