Back up the truck, it's time to buy, ya.
;0)
Monday January 7, 3:33 PM
Taiwan Industrialists Support Minister's End of Recession Claim
sg.news.yahoo.com
TAIPEI, Jan 7 Asia Pulse - Several hi-tech industrialists today echoed Minister of Economic Affairs Lin Hsin-yi's claim that the recession is over and the island's economy is set to improve.
With the U.S. airstrikes in Afghanistan halted and U.S. consumer confidence restored over Christmas, many local analysts have predicted bright prospects for Taiwan's economy this year.
The Market Information Center of the Institute for Information Industry, which is one of Taiwan's leading information industry market study agencies, has predicted that the value of the output of Taiwan's information industry will grow from negative growth last year to positive growth this year, probably by 9.4 per cent, while the semiconductor and dynamic random access memory [DRAM] industries will see a light at the end of the tunnel in the third quarter of this year.
Huang Chung-jen, chairman of the Taipei Computer Association and Morris Chang, chairman of the Taiwan Semiconductor Manufacturing Company have expressed similar views recently.
Chang predicted at the end of last year that the international semiconductor market will moderately recover in the middle of 2002.
It will post considerable growth in the first and second quarters and expand more significantly in 2003, he predicted.
Huang said the price of DRAM is gradually returning to its previous level, many DRAM producers in Taiwan are recovering from their recent losses and demand and supply is expected to balance in the second half of this year.
Ho Wei-ling, chairwoman of ComPacks Taiwan, said she is confident of the recovery of the information industry this year.
Citing orders her company received in the last quarter of 2001 as an example, Ho said she believes the recovery took place at the end of last year and that the upswing trend will be more evident this year.
As to the internet business, Chen Cheng-jan, executive director of Web portal YAM said he is looking forward to 40 per cent growth in YAM's revenue this year.
Chang Tung-hai, vice general-manager of YAM, said YAM saw its revenue reversed in the fourth quarter of last year and that the website's operation in China is expected to boom for at least a decade, thanks to Beijing's successful bid to host the 2008 Olympic Games.
He credited the turnabout to the economic recovery in the United States, saying that investors worldwide are turning to the United States for signs on whether to re-enter the market or remain on the sidelines.
(CNA) |
