SEMICONDUCTORS: The Dutch firm said it would use M&As to boost its market share and the `Greater China' region would contribute a large share of its revenues
By Lisa Wang
NXP Semiconductors aims to replace Texas Instruments Inc as the second-largest chipmaker in the Greater China region by 2011, partly through mergers and acquisitions (M&As), a NXP executive said in Taipei yesterday.

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REPLACEMENT VALUE: The center says the main driving growth for the market will come from people seeking to replace phones, not new customers
By Jerry Lin
Mobile phone users around the world are expected to grow at less than 6 percent per annum in the next five years, the Taipei-based Market Intelligence Center (MIC, 資訊市場中心) said yesterday.

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By Joyce Huang
Standard & Poor's Ratings Services (S&P) yesterday retained its negative outlook on Taiwan's overall economic rating, citing the nation's inadequate response to structural and policy challenges.

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Advanced Micro Devices Inc, the world's second-largest maker of computer processors, is late delivering its newest chip geared for servers, helping Intel Corp extend its lead in the market, customers in Taiwan said.

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The production value of Taiwan's integrated circuit (IC) industry is expected to reach NT$1.5 trillion (US$46.44 billion) this year, up 7.7 percent over last year, the Industrial Technology Research Institute (ITRI, 工研院) forecast yesterday.

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GROWTH, INEQUALITY: The World Bank said domestic demand should help the region ward off major effects, but warned of a shift in income inequality to rural areas
East Asian economies are likely to remain healthy next year despite the impact of the widening subprime lending crisis in the US and the renewed increase in crude oil prices, the World Bank said yesterday.

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South Korea's LG.Philips LCD said yesterday that it has developed a dirt-resistant screen for notebook computers by using a principle similar to non-stick frying pans.

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New Zealand's Fonterra Co-operative Group, the world's largest dairy exporter, said yesterday it is considering an initial public share offering (IPO) that could be worth as much as NZ$2.5 billion (US$1.9 billion).

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Stocks fall 0.4%

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