Gartner Research

Forecast Analysis: Semiconductor Foundry Services, Worldwide

Published: 26 April 2022


Higher wafer average selling prices secured by long-term agreements (two to five years) with chip vendors provide foundries a better business outlook. Foundry revenue will grow by 18.3% to reach $118.5 billion in 2022, followed by mild growth in the remainder of the forecast.

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Forecast Assumptions
  • ASP increases of electronic equipment will provide nonmemory semiconductor suppliers with an improved 8.1% revenue growth in 2022, followed by mid-single-digit annual growth in later years.

  • To avoid delays in capacity expansion due to equipment’s long delivery times, foundries with chip vendors’ signed LTAs will place purchase orders earlier with capex spending of $71.4 billion and $63.8 billion in 2022 and 2023, respectively.

  • Foundry wafer ASPs will increase by 10.8% in 2022 due to the fully utilized fabs, followed by a 6.8% increase in 2023. The cost increase of materials/logistics and raw wafers will be passed on to customers.

Market Impacts

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Samuel Wang

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