Sector set to grow 11.1%
The production value of the nation’s semiconductor industry could grow by 11.1 percent this year on solid demand for consumer electronics in China, the state-funded Industrial Economics and Knowledge Center forecast on Monday. The center forecast that output for the semiconductor industry would be NT$2.1 trillion (US$69.3 billion) this year thanks to the expanding IC design sector, which is expected to see a 12.8 percent increase to NT$542.5 billion. IC manufacturing output is forecast to grow by 11.5 percent to NT$1.11 trillion, while IC packaging and IC testing could grow by 8.2 percent and 8.1 percent respectively. Last year, the nation’s semiconductor industry saw output rise 15.6 percent year-on-year to NT$1.89 trillion.
Fair attracts more buyers
This year’s Sourcing Taiwan trade fair is expected to bring orders worth up to US$5 billion, the Taiwan External Trade Development Council (TAITRA) said in a statement. Set to start on Thursday next week, the day-long trade fair at the Taipei World Trade Center features one-on-one meetings between 630 buyers from 63 countries and local companies in the machinery, food, and information and communications technology sectors, TAITRA said. Compared with last year, 5 percent more buyers registered for this year’s fair, which TAITRA called “a sign of a warming global economy.”