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TSMC: Semiconductor industry a bit healthier than expected

Posted on Thursday, April 30 2009 @ 00:17:13 CEST by

TSMC vice chairman FC Tseng told journalists the global semiconductor market will contract less than expected, Tseng estimates a drop of 20 percent while TSMC CEO rick Tsai talked about 30 percent earlier this year. China is expected to be a key contributor to the narrower than expected drop.
Demand from China's white-box handset market and the China government's stimulus programs for domestic spending have helped sustain a recent recovery in the global semiconductor market, he said.

TSMC CEO Rick Tsai earlier this year projected the overall semiconductor market would fall 30% in 2009, with the foundry segment down 35% on high inventory levels.



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