With the global economic outlook expected to improve in 2013, the semiconductor market is also showing signs of recovery. In addition to business results, leading chipmakers also released plans for capital expenditures and process technology advancement in the first quarter of 2013. Worldwide IC foundries are expected to begin mass production with the 20nm process technology in the second half of 2013, with 14/16nm and 10nm down the road. This progress will give TSMC and GlobalFoundries a chance to catch up with Intel, closing the gap of one to two generations. Competitive Trends in the Worldwide IC Manufacturing Industry: Logic IC Process Technology offers insight into major chipmakers' development in logic IC process technology, with their strategies and impact included.