Taipei, Aug. 17 -- Taiwan's government-supported Industrial Technology Research Institute (ITRI) has raised its forecast for 2025 growth in the output value of the country's semiconductor industry to above 22 per cent on strong global demand for artificial intelligence applications, Focus Taiwan reported.

In its latest IEK Current Quarterly Model report, the ITRI said the local semiconductor industry will have output of NT$6.5 trillion (US$216.67 billion) in 2025, up 22.2 per cent from a year earlier, an upward revision from a 19.1 per cent increase estimate made in May.

The ITRI said the strong showing of the local semiconductor industry largely reflected the stronger-than-expected performance of the IC manufacturing segment.

The ITRI...