Your Trusted Source for Semiconductor Market Research Analysis

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2 Your Trusted Source for Semiconductor Market Research Analysis Receive FREE Research Bulletins (about 45 per year) of important findings from our reports/services by giving me your business card after the presentation. September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 2

3 Recent Research Bulletin Topics Big Changes to Top 20 Semi Supplier Ranking Intel to Cut a Deal with Apple regarding Fab 42? Top 13 Foundries Account for 91% of Total Foundry Sales WW Semi Unit Shipments to Exceed One Trillion in 2016 Top 10 Semiconductor R&D Leaders China s IC Market Growth Outpaces Its IC Manufacturing O-S-D Market to Pull Out of Two-Year Slump in 2014 Three Companies to Account for 52% of Semi Capex in 2014 September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 3

4 Presentation Outline IC Industry Cycle Trends IC Market Trends Top Semiconductor Suppliers and Foundries Summary September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 4

5 IC Industry Cycle Trends September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 5

6 Electronic Industry Interdependence 2013 Worldwide GDP = $74.4 Trillion WW Electronic System Production $1,488B $1,412B $1,358B 4% 5% F Semiconductor Market $348.4B $313.3B 4% $325.4B 7% F Semi Cap Spending Semi Materials Market $59.1B -3% $57.3B 12% $64.0B $44.8B -3% $43.5B 3% $44.8B F F Source: IC Insights September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 6

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8 September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 8

9 Correlation Coefficient Worldwide GDP and IC Market Growth Correlation Coefficient History and Forecast ( F) 1.00 Consolidation Gains Momentum Japanese Co's Ramp Production Company Consolidation Begins S. Korean & Taiwanese Co's Ramp Production F-2018F Source: IC Insights Timeperiod September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 9

10 Worldwide GDP Change Semi Industry Change F Semiconductor Industry Growth versus Worldwide GDP Growth Global GDP Growth WW Semi Industry Growth 5% 4% 3% 2% 1% 0% 2.9% 10% 8% 1.9% 4% 32% 29% 3.2% 1.4% 1.6% 42% 3.3% 2.9% -9% 3.7% 4% 2.5% -8% 3.4% 4.3% 19% 37% 2.8% 2.1% 1.7% 1% 4.2% 18% 3.6% 28% 7% 4.1% 9% 4.0% 4% -5% 34% 1.4% -10% 4.1% 2% 2.9% 2.5% 2.4% -3% 2.8% 7% 4% 50% 40% 30% 20% 10% 0% -10% -20% -1% -2% = Global Recession Threshold -32% -2.1% F Source: IC Insights Year -30% -40% September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 10

11 IC Market Trends September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 11

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14 Percent Share IC Marketshare By System Type ($) Computer Communica ons Consumer Auto Industrial/Other 100% 80% 8.2% 7.5% 7.0% 6.5% 6.8% 4.7% 6.3% 6.5% 7.1% 8.7% 13.0% 12.9% 12.2% 12.5% 10.8% 60% 18.5% 22.0% 29.3% 37.2% 40.0% 40% 20% 55.6% 51.3% 45.0% 36.7% 33.7% 0% F September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 14

15 1Q00 3Q00 1Q01 3Q01 1Q02 3Q02 1Q03 3Q03 1Q04 3Q04 1Q05 3Q05 1Q06 3Q06 1Q07 3Q07 1Q08 3Q08 1Q09 3Q09 1Q10 3Q10 1Q11 3Q11 1Q12 3Q12 1Q13 3Q13 1Q14 3Q14 Billions of Units F Quarterly IC Unit Volume Shipment Trend Q00 24% Above Trend 9.5% Annual Trend Line (99-04) 3Q08 12% Above Trend 3Q10 13% Above Trend 6.0% Trend Line % Annual Trend Line (05-07) 10 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 Source: WSTS, IC Insights Quarter '11 '12 '13 '14F September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 15

16 Dollars $3.00 1Q92-4Q95 Trend Quarterly IC ASP Trends 1Q96-1Q98 Trend $2.50 2Q98-2Q01 Trend $2.00 3Q01-1Q05 Trend 2Q05-1Q09 Trend 2Q09-2Q14 Trend $1.50 $1.42 $1.45 $1.29 $1.27 $1.00 Source: WSTS, IC Insights Quarter September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 16

17 Top Semiconductor Suppliers and Foundries September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 17

18 Top 10 Worldwide Semiconductor Sales Leaders* ($B) Rank H14 1 NEC 4.8 Intel 13.6 Intel 29.7 Intel 31.6 Intel 49.1 Intel Toshiba 4.8 NEC 12.2 Toshiba 11.0 Samsung 19.7 Samsung 32.3 Samsung Hitachi 3.9 Toshiba 10.6 NEC 10.9 TI 13.7 Qualcomm** 13.2 Qualcomm** Intel 3.7 Hitachi 9.8 Samsung 10.6 Toshiba 10.0 TI 12.1 Micron Motorola 3.0 Motorola 8.6 TI 9.6 ST 9.9 Toshiba 11.2 SK Hynix Fujitsu 2.8 Samsung 8.4 Motorola 7.9 Renesas 8.2 Renesas 9.3 TI Mitsubishi 2.6 TI 7.9 ST 7.9 Hynix 7.4 SK Hynix 9.1 Toshiba TI 2.5 IBM 5.7 Hitachi 7.4 Freescale 6.1 ST 8.4 Broadcom** Philips 1.9 Mitsubishi 5.1 Infineon 6.8 NXP 5.9 Micron 8.0 Renesas Matsushita 1.8 Hyundai 4.4 Philips 6.3 NEC 5.7 Broadcom** 7.8 ST 3.7 Top 10 Total ($B) Semi Market ($B) Top 10 % of Total Semi 59% 56% 49% 45% 51% 53% Source: IC Insights *Not including foundries **Fabless September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 18

19 Marketshare Worldwide IC Sales by Company Headquarters Location* 60% 50% 49% North America Europe Japan Asia-Pac/Others 55% 40% 38% 35% 30% 25% 26% 20% 10% 0% 19% 17% 12% 9% 4% 7% Source: IC Insights *Not including foundries September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 19

20 2013 Fabless IC Sales Marketshare by Company Headquarters Loca on ($77.9B) China Companies 6% Japan Companies 1% Europe Companies 4% Taiwan Companies 18% Other Companies* 3% U.S. Companies 68% 2010 Shares U.S.: 69% Taiwan: 17% China: 5% Europe: 5% Japan: 1% Other: 3% Source: IC Insights *Includes S. Korea, Israel, etc. September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 20

21 Percent Fabless Company IC Sales as a Percent of Worldwide IC Sales ( ) 32% 28% 24% 20% 16% 12% 8% 4% 7.1% 9.0% 16.7% 18.3% 18.7% 20.0% 14.2% 15.0% 12.0% 13.0% 28.3% 29.2% 24.9% 25.0% 24.1% 0% Source: IC Insights Year September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 21

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23 "Final" Sales Into Semiconductor Market ($B) TSMC Surpasses Intel in "Final Market Value" Semiconductor Sales $15 $14 $13 $12 $11 $11.99 $11.82 $13.10 Intel Sales TSMC "Final Market Value" Sales* $14.02 $12.79 $12.42 $12.46 $12.59 $12.77 $12.35 $12.62 $12.00 $11.56 $12.37 $11.87 $11.67 $10.91 $11.79 $11.37 $11.28 $10 $9 $8.70 $9.95 $10.35 $10.40 $8 $7 $8.14 $8.42 $8.00 $8.21 *"Final" sales assume a 57% gross margin for TSMC's customers. 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Source: Company reports, IC Insights Quarter September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 23

24 Share of Total Foundry Sales as a Percent of Total IC Sales Total Reported IC Foundry Sales % of Total IC Sales "Final Market Value" IC Foundry Sales % of Total IC Sales* 50% 40% 32.8% 35.4% 37.4% 39.3% 41.8% 44.1% 46.0% 30% 20% 10% 25.8% 26.7% 24.3% 24.2% 14.7% 15.9% 16.8% 17.7% 11.0% 10.9% 11.6% 12.0% 18.8% 19.8% 20.7% 0% F 15F 16F 17F 18F Year Source: IC Insights *2.22x total reported IC foundry sales September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 24

25 Summary September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 25

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27 IC Market to Show Better Growth Year IC Unit Shipments (B) IC Average Selling Price (ASP) IC Market (B) $1.93 $ $1.30 $ CAGR 8.5% -2.6% 5.7% $1.30 $ F $1.45 $ F CAGR 6.0% 1.0% 7.1% IC ASP -1.0% CAGR Source: IC Insights September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 27

28 Thank you for your attention! Additional information Remember to give me your business card if you want to receive our free research bulletins. September 3, 2014 SEMICON Taiwan 2014 Market Trends Forum 28