Article
Taiwan's Semiconductor Industry to See 5.5% Growth in 2016
By MIC
Published: Jun 30,2016
According to MIC, Market Intelligence & Consulting Institute, Taiwanese semiconductor industry will still manage to grow over 5% in 2016.
"Though global semiconductor market value is anticipated to decline 3.2% year-on-year in 2016 to US$329.1 billion, Taiwanese semiconductor industry will still manage to grow over 5% in 2016, higher than the global average," says senior analyst Yaru Shih at a Spring Forum event held by MIC in Taipei from June 1 to 3.
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"Global market value is anticipated to decline in 2016 as the market demand for PCs and smartphones will remain subdued. In Taiwan, the industry was dragged by sluggish DRAM and fabless IC shipments last year, but this year the situation is being mitigated, especially in the fabless IC and wafer foundry domains. Therefore, we believe Taiwan will be able have an over 5% year-on-year growth this year," Shih explains.
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