Semiconductor Supply Chain

The semiconductor supply chain spans chip design, wafer fabrication, memory, advanced packaging, materials and equipment. The recent AI supercycle has boosted demand for AI chips, HBM and DRAM, while tight supplies and rising costs could persist into 2027. U.S. capacity-expansion policies, long-term supply agreements and new competitors such as CXMT are also reshaping the global landscape. These shifts affect Taiwan's exports, GDP, corporate earnings and the cost of technology products, making capacity, technological bottlenecks and geopolitical risks important areas to watch.