Selected research
Market Analysis & Forecast
Global Dedicated IC Foundry Market Analysis and Forecast 2026-2032
Market perspective
The global Dedicated IC Foundry market is projected to grow from US$ million in 2026 to US$ million by 2032, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
Dedicated IC Foundry's global sales reached XX (k units) with a value of US$ XX Million, marking an change of XX% compared to the previous year. This performance has positioned TSMC as the global sales leader, a title it has maintained for several consecutive years. Notably, TSMC's performance in primary markets is also remarkable. In the Chinese market, sales were XX (k units), a change of XX% from the previous year. In Europe, sales were XX (k units), showing a year-on-year of XX%. In the US, sales were XX (k units), a year-on-year change of XX%.
The major global manufacturers in the Dedicated IC Foundry market include TSMC, Samsung Electronics, GlobalFoundries, UMC, SMIC, Tower Semiconductor, Powerchip, VIS and Hua Hong Semi, etc. In 2025, the top three vendors accounted for approximately % of the revenue.
Read the full market overview
In terms of production side, this report researches the Dedicated IC Foundry production, growth rate, market share by manufacturers and by region (region level and country level), from 2021 to 2026, and forecast to 2032.
In terms of consumption side, this report focuses on the sales of Dedicated IC Foundry by region (region level and country level), by Company, by Type and by Application. from 2021 to 2026 and forecast to 2032.
This report presents an overview of global market for Dedicated IC Foundry, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Dedicated IC Foundry, also provides the consumption of main regions and countries. Of the upcoming market potential for Dedicated IC Foundry, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Dedicated IC Foundry sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Dedicated IC Foundry market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Dedicated IC Foundry sales, projected growth trends, production technology, application and end-user industry.
Dedicated IC Foundry Segment by Company
TSMC
Samsung Electronics
GlobalFoundries
UMC
SMIC
Tower Semiconductor
Powerchip
VIS
Hua Hong Semi
DB HiTek
Dedicated IC Foundry Segment by Type
14nm and below
14nm to 28nm (Include 28nm)
28nm to 40nm (Include 40nm)
40nm to 65nm (Include 65nm)
90nm to 0.13μm (Include 0.13μm)
0.13μm to 0.18μm (Include 0.18μm)
0.18μm to 0.35μm (Include 0.35μm)
Others
Dedicated IC Foundry Segment by Application
Smartphone
High Performance Computing
Internet of Things
Automotive
Digital Consumer Electronics
Others
Dedicated IC Foundry Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Dedicated IC Foundry market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Dedicated IC Foundry and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Dedicated IC Foundry.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Dedicated IC Foundry production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Dedicated IC Foundry in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of Dedicated IC Foundry manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Dedicated IC Foundry sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- 14nm and below
- 14nm to 28nm (Include 28nm)
- 28nm to 40nm (Include 40nm)
- 40nm to 65nm (Include 65nm)
- 90nm to 0.13μm (Include 0.13μm)
- 0.13μm to 0.18μm (Include 0.18μm)
- 0.18μm to 0.35μm (Include 0.35μm)
- Others
Applications
- Smartphone
- High Performance Computing
- Internet of Things
- Automotive
- Digital Consumer Electronics
- Others
Companies covered
- TSMC
- Samsung Electronics
- GlobalFoundries
- UMC
- SMIC
- Tower Semiconductor
- Powerchip
- VIS
- Hua Hong Semi
- DB HiTek
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Dedicated IC Foundry Market by Type
- 1.2.1 Global Dedicated IC Foundry Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 14nm and below
- 1.2.3 14nm to 28nm (Include 28nm)
- 1.2.4 28nm to 40nm (Include 40nm)
- 1.2.5 40nm to 65nm (Include 65nm)
- 1.2.6 90nm to 0.13μm (Include 0.13μm)
- 1.2.7 0.13μm to 0.18μm (Include 0.18μm)
- 1.2.8 0.18μm to 0.35μm (Include 0.35μm)
- 1.2.9 Others
- 1.3 Dedicated IC Foundry Market by Application
- 1.3.1 Global Dedicated IC Foundry Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Smartphone
- 1.3.3 High Performance Computing
- 1.3.4 Internet of Things
- 1.3.5 Automotive
- 1.3.6 Digital Consumer Electronics
- 1.3.7 Others
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Dedicated IC Foundry Market Dynamics
- 2.1 Dedicated IC Foundry Industry Trends
- 2.2 Dedicated IC Foundry Industry Drivers
- 2.3 Dedicated IC Foundry Industry Opportunities and Challenges
- 2.4 Dedicated IC Foundry Industry Restraints
3 Global Dedicated IC Foundry Production Overview
- 3.1 Global Dedicated IC Foundry Production Capacity (2021-2032)
- 3.2 Global Dedicated IC Foundry Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global Dedicated IC Foundry Production by Region
- 3.3.1 Global Dedicated IC Foundry Production by Region (2021-2026)
- 3.3.2 Global Dedicated IC Foundry Production by Region (2027-2032)
- 3.3.3 Global Dedicated IC Foundry Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
- 3.8 South Korea
4 Global Market Growth Prospects
- 4.1 Global Dedicated IC Foundry Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global Dedicated IC Foundry Revenue by Region
- 4.2.1 Global Dedicated IC Foundry Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global Dedicated IC Foundry Revenue by Region (2021-2026)
- 4.2.3 Global Dedicated IC Foundry Revenue by Region (2027-2032)
- 4.2.4 Global Dedicated IC Foundry Revenue Market Share by Region (2021-2032)
- 4.3 Global Dedicated IC Foundry Sales Estimates and Forecasts 2021-2032
- 4.4 Global Dedicated IC Foundry Sales by Region
- 4.4.1 Global Dedicated IC Foundry Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global Dedicated IC Foundry Sales by Region (2021-2026)
- 4.4.3 Global Dedicated IC Foundry Sales by Region (2027-2032)
- 4.4.4 Global Dedicated IC Foundry Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global Dedicated IC Foundry Revenue by Manufacturers
- 5.1.1 Global Dedicated IC Foundry Revenue by Manufacturers (2021-2026)
- 5.1.2 Global Dedicated IC Foundry Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global Dedicated IC Foundry Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global Dedicated IC Foundry Sales by Manufacturers
- 5.2.1 Global Dedicated IC Foundry Sales by Manufacturers (2021-2026)
- 5.2.2 Global Dedicated IC Foundry Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global Dedicated IC Foundry Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global Dedicated IC Foundry Sales Price by Manufacturers (2021-2026)
- 5.4 Global Dedicated IC Foundry Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global Dedicated IC Foundry Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global Dedicated IC Foundry Manufacturers, Product Type & Application
- 5.7 Global Dedicated IC Foundry Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global Dedicated IC Foundry Market CR5 and HHI
- 5.8.2 2025 Dedicated IC Foundry Tier 1, Tier 2, and Tier 3
6 Dedicated IC Foundry Market by Type
- 6.1 Global Dedicated IC Foundry Revenue by Type
- 6.1.1 Global Dedicated IC Foundry Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global Dedicated IC Foundry Revenue Market Share by Type (2021-2032)
- 6.2 Global Dedicated IC Foundry Sales by Type
- 6.2.1 Global Dedicated IC Foundry Sales by Type (2021-2032) & (k units)
- 6.2.2 Global Dedicated IC Foundry Sales Market Share by Type (2021-2032)
- 6.3 Global Dedicated IC Foundry Price by Type
7 Dedicated IC Foundry Market by Application
- 7.1 Global Dedicated IC Foundry Revenue by Application
- 7.1.1 Global Dedicated IC Foundry Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global Dedicated IC Foundry Revenue Market Share by Application (2021-2032)
- 7.2 Global Dedicated IC Foundry Sales by Application
- 7.2.1 Global Dedicated IC Foundry Sales by Application (2021-2032) & (k units)
- 7.2.2 Global Dedicated IC Foundry Sales Market Share by Application (2021-2032)
- 7.3 Global Dedicated IC Foundry Price by Application
8 Company Profiles
- 8.1 TSMC
- 8.1.1 TSMC Company Information
- 8.1.2 TSMC Business Overview
- 8.1.3 TSMC Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 TSMC Dedicated IC Foundry Product Portfolio
- 8.1.5 TSMC Recent Developments
- 8.2 Samsung Electronics
- 8.2.1 Samsung Electronics Company Information
- 8.2.2 Samsung Electronics Business Overview
- 8.2.3 Samsung Electronics Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 Samsung Electronics Dedicated IC Foundry Product Portfolio
- 8.2.5 Samsung Electronics Recent Developments
- 8.3 GlobalFoundries
- 8.3.1 GlobalFoundries Company Information
- 8.3.2 GlobalFoundries Business Overview
- 8.3.3 GlobalFoundries Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 GlobalFoundries Dedicated IC Foundry Product Portfolio
- 8.3.5 GlobalFoundries Recent Developments
- 8.4 UMC
- 8.4.1 UMC Company Information
- 8.4.2 UMC Business Overview
- 8.4.3 UMC Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 UMC Dedicated IC Foundry Product Portfolio
- 8.4.5 UMC Recent Developments
- 8.5 SMIC
- 8.5.1 SMIC Company Information
- 8.5.2 SMIC Business Overview
- 8.5.3 SMIC Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 SMIC Dedicated IC Foundry Product Portfolio
- 8.5.5 SMIC Recent Developments
- 8.6 Tower Semiconductor
- 8.6.1 Tower Semiconductor Company Information
- 8.6.2 Tower Semiconductor Business Overview
- 8.6.3 Tower Semiconductor Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 Tower Semiconductor Dedicated IC Foundry Product Portfolio
- 8.6.5 Tower Semiconductor Recent Developments
- 8.7 Powerchip
- 8.7.1 Powerchip Company Information
- 8.7.2 Powerchip Business Overview
- 8.7.3 Powerchip Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 Powerchip Dedicated IC Foundry Product Portfolio
- 8.7.5 Powerchip Recent Developments
- 8.8 VIS
- 8.8.1 VIS Company Information
- 8.8.2 VIS Business Overview
- 8.8.3 VIS Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 VIS Dedicated IC Foundry Product Portfolio
- 8.8.5 VIS Recent Developments
- 8.9 Hua Hong Semi
- 8.9.1 Hua Hong Semi Company Information
- 8.9.2 Hua Hong Semi Business Overview
- 8.9.3 Hua Hong Semi Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.9.4 Hua Hong Semi Dedicated IC Foundry Product Portfolio
- 8.9.5 Hua Hong Semi Recent Developments
- 8.10 DB HiTek
- 8.10.1 DB HiTek Company Information
- 8.10.2 DB HiTek Business Overview
- 8.10.3 DB HiTek Dedicated IC Foundry Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.10.4 DB HiTek Dedicated IC Foundry Product Portfolio
- 8.10.5 DB HiTek Recent Developments
9 North America
- 9.1 North America Dedicated IC Foundry Market Size by Type
- 9.1.1 North America Dedicated IC Foundry Revenue by Type (2021-2032)
- 9.1.2 North America Dedicated IC Foundry Sales by Type (2021-2032)
- 9.1.3 North America Dedicated IC Foundry Price by Type (2021-2032)
- 9.2 North America Dedicated IC Foundry Market Size by Application
- 9.2.1 North America Dedicated IC Foundry Revenue by Application (2021-2032)
- 9.2.2 North America Dedicated IC Foundry Sales by Application (2021-2032)
- 9.2.3 North America Dedicated IC Foundry Price by Application (2021-2032)
- 9.3 North America Dedicated IC Foundry Market Size by Country
- 9.3.1 North America Dedicated IC Foundry Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America Dedicated IC Foundry Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America Dedicated IC Foundry Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe Dedicated IC Foundry Market Size by Type
- 10.1.1 Europe Dedicated IC Foundry Revenue by Type (2021-2032)
- 10.1.2 Europe Dedicated IC Foundry Sales by Type (2021-2032)
- 10.1.3 Europe Dedicated IC Foundry Price by Type (2021-2032)
- 10.2 Europe Dedicated IC Foundry Market Size by Application
- 10.2.1 Europe Dedicated IC Foundry Revenue by Application (2021-2032)
- 10.2.2 Europe Dedicated IC Foundry Sales by Application (2021-2032)
- 10.2.3 Europe Dedicated IC Foundry Price by Application (2021-2032)
- 10.3 Europe Dedicated IC Foundry Market Size by Country
- 10.3.1 Europe Dedicated IC Foundry Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe Dedicated IC Foundry Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe Dedicated IC Foundry Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China Dedicated IC Foundry Market Size by Type
- 11.1.1 China Dedicated IC Foundry Revenue by Type (2021-2032)
- 11.1.2 China Dedicated IC Foundry Sales by Type (2021-2032)
- 11.1.3 China Dedicated IC Foundry Price by Type (2021-2032)
- 11.2 China Dedicated IC Foundry Market Size by Application
- 11.2.1 China Dedicated IC Foundry Revenue by Application (2021-2032)
- 11.2.2 China Dedicated IC Foundry Sales by Application (2021-2032)
- 11.2.3 China Dedicated IC Foundry Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia Dedicated IC Foundry Market Size by Type
- 12.1.1 Asia Dedicated IC Foundry Revenue by Type (2021-2032)
- 12.1.2 Asia Dedicated IC Foundry Sales by Type (2021-2032)
- 12.1.3 Asia Dedicated IC Foundry Price by Type (2021-2032)
- 12.2 Asia Dedicated IC Foundry Market Size by Application
- 12.2.1 Asia Dedicated IC Foundry Revenue by Application (2021-2032)
- 12.2.2 Asia Dedicated IC Foundry Sales by Application (2021-2032)
- 12.2.3 Asia Dedicated IC Foundry Price by Application (2021-2032)
- 12.3 Asia Dedicated IC Foundry Market Size by Country
- 12.3.1 Asia Dedicated IC Foundry Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia Dedicated IC Foundry Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia Dedicated IC Foundry Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA Dedicated IC Foundry Market Size by Type
- 13.1.1 SAMEA Dedicated IC Foundry Revenue by Type (2021-2032)
- 13.1.2 SAMEA Dedicated IC Foundry Sales by Type (2021-2032)
- 13.1.3 SAMEA Dedicated IC Foundry Price by Type (2021-2032)
- 13.2 SAMEA Dedicated IC Foundry Market Size by Application
- 13.2.1 SAMEA Dedicated IC Foundry Revenue by Application (2021-2032)
- 13.2.2 SAMEA Dedicated IC Foundry Sales by Application (2021-2032)
- 13.2.3 SAMEA Dedicated IC Foundry Price by Application (2021-2032)
- 13.3 SAMEA Dedicated IC Foundry Market Size by Country
- 13.3.1 SAMEA Dedicated IC Foundry Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA Dedicated IC Foundry Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA Dedicated IC Foundry Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 Dedicated IC Foundry Value Chain Analysis
- 14.1.1 Dedicated IC Foundry Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 Dedicated IC Foundry Production Mode & Process
- 14.2 Dedicated IC Foundry Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 Dedicated IC Foundry Distributors
- 14.2.3 Dedicated IC Foundry Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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