Korea poised to overtake Taiwan as world’s No. 2 chip producer by 2032The US-based Semiconductor Industry Association (SIA) has concluded that South Korean companies will account for nearly 20% of global semiconductor production by 2032, surpassing Taiwan and moving from third to second place. As of 2022, South Korea is in third place, following China and Taiwan. However, the association predicted that as the US aggressively invests in cutting-edge semiconductor production and fabrication plans in the coming years, Korea’s share in the sector is likely to shrink.