Semiconductors Initiation 2026

Industry Analysis

One company builds every EUV lithography machine on earth, one island holds 70% of pure-play foundry capacity, and one firm makes more than 92% of the world’s leading-edge chips — three sentences that carry most of the risk in the modern economy. This is a full sector report on semiconductors, a US$588bn industry compounding at 6.4% for twenty-three years, adapted from a 152-slide institutional deck into a structured, chart-heavy analysis of technology, demand, manufacturing, regulation, history and competitive structure.

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Inside the report

A few of the charts inside the full interactive report.

Chapter 1 · The Industry and Its Technology Global Semiconductor Sales
Chapter 1 · The Industry and Its Technology Demand mix by end market
Chapter 1 · The Industry and Its Technology Demand by end market, absolute
Chapter 2 · Nine Trends Driving Demand Data center market share
Chapter 4 · Subsidy, Sanction and Sovereignty TSMC geographic revenue breakdown
Chapter 6 · The Value Chain and Who Captures It Semiconductor companies by market capitalisation
Chapter 6 · The Value Chain and Who Captures It Global foundry market share
Chapter 6 · The Value Chain and Who Captures It Revenue — TSMC, Nvidia, Intel

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