Note the second bold, I don't think that is what he said, 10% over the next 8 years, Stan
TSMC's Chang predicts industry recovery next year
By William C. Pao,The China Post
Thursday October 10, 8:00 AM
sg.news.yahoo.com
Morris Chang, chairman of Taiwan Semiconductor Manufacturing Co. (TSMC), yesterday called Q4 "too early" for an economic recovery.
However, the chairman of the world's largest contract chipmaker said a recovery would take place next year and predicted a growth of 10 percent in the semiconductor industry between now and 2010.
Chang made those remarks at a forum held by Via, a leading chip designer and chipset maker, at the Taipei International Convention Center.
The chairman began by describing the partnership between TSMC and Via as a "heaven-made marriage," with the entire Taiwan semiconductor industry benefiting from TSMC's advanced production techniques and Via's innovative application designs.
He then cited historical figures and said the semiconductor sector did not experience a single downturn between 1952 and 1970, a period in which demand grew at a lightning speed.
Between 1970 and 1990, the industry went through a few minor downturns but was able to recover quickly due to subsequent high demand, he said.
From 1990 onward, Chang said, the industry has experienced downturns with increasing frequency and duration.
However, he said, a recovery in the industry would take place once the overcapacity and market correction issues were resolved.
Chang went on to say the industry had been able to grow 17 percent between 1980 and 1995 but only one percent between 1996 and 2001 due to a bubbling economy and overcapacity. He added that the industry should grow 10 percent between now and 2010 once those problems are resolved. |
