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Taiwan’s semiconductor industry expected to grow 2.4% in revenue

Taiwan’s semiconductor industry expected to grow 2.4% in revenue

TAIPEI: Taiwan’s semiconductor industry is expected to grow 2.4 percent in revenue next year, following an estimated 0.9 percent increase this year, the Market Intelligence and Consulting Institute forecast yesterday.

The growth would outpace next year’s 2.2 percent contraction in the international semiconductor industry because of weak demand for PCs and smartphones, the MIC said.

Taiwanese semiconductor companies are expected to make NT$2.21 trillion (US$66.73 billion) in revenue next year, compared with this year’s NT$2.16 trillion, the MIC said.

Compared with a double-digit percentage growth in 2013 and last year, the Taiwanese semiconductor industry’s growth next year is expected to be lukewarm,” MIC semiconductor analyst Chris Hung told a media briefing.