By: Jackson Chang, Jalen Chung and Frances Huang
Taipei, Sept. 2 (CNA) The Ministry of Economic Affairs (MOEA) said Wednesday that Taiwan’s semiconductor sector will record a higher growth rate than the global industry this year and contribute significantly to the domestic economy.
Taiwan’s integrated circuit business is expected to post NT$2.259 trillion (US$69.08 billion) in sales this year, an annual increase of 5.5 percent and a higher growth rate than the global IC industry, said Deputy Economics Minister Shen Jong-chin (沈榮津) at the opening of SEMICON Taiwan, a leading global semiconductor trade exhibition.
He however did not give a projection for the growth of the global semiconductor sector. [FULL STORY]