Revenues of Taiwan’s chip industry expanded 16.4 percent last quarter to NT$419.3 billion (US$13.97 billion), with chip-makers posting the strongest quarterly growth of 20 percent, according to a report released on Friday by local researcher Industrial Technology Research Institute (ITRI, 工研院).
On an annual basis, the nation’s semiconductor industry grew 1.6 percent, from NT$411.1 billion in the second quarter of last year, ITRI statistics showed.
ITRI expected growth momentum to expand into the current quarter, with the Hsinchu-based research house predicting the overall semiconductor industry would grow 7.2 percent to NT$449.4 billion, from last quarter.
Taiwan’s IC designers are expected to outperform the overall semiconductor industry with 10 percent growth in revenue to NT$111.1 billion this quarter, thanks to growing shipments of chips for mobile devices, game consoles and TVs on seasonally rising demand, ITRI said.
Taiwan’s IC manufacturing sector, which makes up the biggest chunk of the nation’s semiconductor industry’s revenues, is expected to grow 6.1 percent sequentially this quarter to NT$231.3 billion with contract wafer manufacturing and memory product manufacturing up 6.6 percent and 4.1 percent respectively, as the eurozone debt crisis and slower-than-expected economic growth in the US and China reduced demand for computers, ITRI forecast.