Taiwan’s IC sector forecast to grow over 8% in Q2

Focus Taiwan
Date: 2019/05/11
By Chang Chein-chung and Frances Huang

Taipei, May 11 (CNA) The value of production of the local integrated circuit sector is expected to grow more than 8 percent in the second quarter from a quarter earlier on rising demand for select consumer electronics devices.

The local semiconductor industry is expected to rebound from a slow first quarter, when output fell more than 17 percent from the fourth quarter of 2018, the government-sponsored Industrial Technology Research Institute (ITRI) said.

The institute said that while the global semiconductor sector continues to work through inventory adjustments in the second quarter, the looming peak season for the consumer electronics industry should rekindle demand and boost the fortunes of IC makers.

Makers of some consumer electronics gadgets, such as interactive toys, have seen orders grow, increasing demand for semiconductors to some extent, while other consumer electronics devices, including smartphones, remain in the doldrums.
[FULL  STORY]