Semiconductor sector to grow faster than global GDP: Morris Chang

Taiwan News
Date: 2018/06/14
By:  Central News Agency

TAIPEI (CNA) – Former Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Morris

Former TSMC Chairman Morris Chang (center) at the ECCT. (By Central News Agency)

Chang said Thursday he is upbeat about the development of the semiconductor industry, adding that he expects the sector to grow quicker than global gross domestic product (GDP) over the next 10 years.

Chang made the forecast in a speech at a luncheon hosted by the European Chamber of Commerce Taiwan (ECCT), his first public appearance since retiring on June 5.

Expressing optimism about the future of the semiconductor industry, Chang said the semiconductor is almost as essential as bread and potatoes and the industry will grow fairly fast.

He predicted that over the next decade, global GDP will grow at an average of about 3 percent per annum, while growth in the semiconductor sector will reach 5 percent.

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