RISERS: The founder of TSMC thinks the semiconductor industry is likely to outpace global GDP growth, which is forecast at 2.5% to 3%, in the next decade or two
Taipei Times
Date: Sep 06, 2018
By: Lisa Wang / Staff reporter
Driven by industry innovation, global semiconductor revenue should continue to grow at
an annual rate of between 5 and 6 percent in the next one to two decades, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) founder Morris Chang (張忠謀) said in Taipei yesterday.
That means the industry would continue to outpace forecast annual global GDP growth of 2.5 to 3 percent over the next 10 to 20 years, he said.
“The world semiconductor industry’s growth will be 200 to 300 basis points faster than the world GDP growth,” Chang said in a speech, entitled “A look at semiconductor companies’ rise and fall through innovations in the semiconductor industry,” at the SEMICON Taiwan Future Starts Here show, celebrating the invention of integrated circuits by Jack Kilby 60 years ago.
Over the past 60 years, 10 major innovations have fueled the industry’s growth and benefited semiconductor companies that invested heavily in innovations, including Intel Corp and Samsung Electronics Co, Chang said. [FULL STORY]