Monday, March 30, 2009
The prospects for the semiconductor industry are better than they were a month ago, according to a Reuters report that quotes Morris Chang, chairman of Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) as its source.
Earlier this year TSMC, the world's leading foundry supply of integrated circuits, was predicting that its sales would fall 30 percent in 2009 due to a collapse in consumer demand brought on by a global economic crisis.
"Things are looking slightly better than what it was a month ago," TSMC's Chang is quoted as saying at a business summit organized in Taipei by the European Chamber of Commerce. Chang is said to have continued: "However, compared to last year, (sales) will still fall by quite a lot."
By: DocMemory
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