TSMC: semi decline not as bad as expected

Taiwan Semiconductor Manufacturing Company (TSMC) said yesterday that reports of the semiconductor industry’s demise have been exaggerated, mainly thanks to the Chinese Government.

TSMC vice chairman FC Tseng now reckons the dip in the global semiconductor market this year is expected to be nearer 20% than the 30% predicted by the company a few months ago. Demand from the white box cellphone market together with Chinese plans to boost domestic spending have resulted in a recovery in the global semiconductor market, said Tseng.

The Chinese Government’s economic stimulus plans will benefit South Korea’s big IT operations, as well as those in Taiwan, reports Digitimes.