Taiwan semiconductor industry revenue, 2024

TSIA reports Taiwan IC-industry revenue of NT$5.315tn in 2024, up 22.4%.

Ai & Tech

What the Data Shows

This snapshot puts Taiwan’s semiconductor industry on a national-industry scale rather than a company scale. The 2024 total covers IC design, manufacturing, packaging and testing. The rebound from 2023 gives context for why chips again dominated Taiwan’s exports, investment and market narrative.

Data table

IC revenue NT$5.315tn 2024 TSIA

Growth +22.4% vs 2023

2023 base NT$4.343tn TSIA

Increase NT$972bn 1-year

USD value US$165.6bn TSIA

Sources

Source 1: Overview on Taiwan Semiconductor Industry (2025 Edition)

Publisher: Taiwan Semiconductor Industry Association

Dataset/table: Taiwan IC industry revenue overview

Units: NT$ billion; US$ billion

Date checked: 2026-05-07

Status: source-labelled

Note: TSIA reports Taiwan IC industry revenue of NT$5,315.1bn in 2024, about US$165.6bn, up 22.4% from 2023.

Source 2: Taiwan - Semiconductors including chip design for AI

Publisher: U.S. International Trade Administration

Dataset/table: Market overview

Units: US$ billion; percent of GDP

Date checked: 2026-05-07

Status: source-labelled

Note: The U.S. ITA country guide states Taiwan’s semiconductor industry generated over US$165bn in revenue in 2024.

Data notes & caveats

TSIA/ISTI-ITRI industry figures are industry statistics, not a national-accounts release. NT$ values are shown in trillions for readability.

TSIA reports Taiwan IC industry revenue of NT$5,315.1bn in 2024, about US$165.6bn, up 22.4% from 2023.

The U.S. ITA country guide states Taiwan’s semiconductor industry generated over US$165bn in revenue in 2024.

Methodology

Use TSIA’s 2025 overview for total Taiwan IC-industry revenue. Revenue includes IC design, manufacturing, packaging and testing. Year-on-year change is the 2024 total divided by the 2023 total minus one.