TSMC CEO: Semiconductor industry to decline 5-9% in 2009

  • Semiconductor industry sales will stay flat in 2008 and decline 5-9% next year, with wafer OEMs seeing even steeper declines, according to Rick Tsai, CEO of Taiwan Semiconductor Manufacturing Company (TSMC).TSMC will strive to confront the weak economy with six operating directions: cost control, profit focus, company structure improvement, capex reduction, advanced process investment and an over NT$3 dividend distribution, Tsai pointed out.

    More here at Digitimes.

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