TSMC CEO says semicon market may decline 30% in 2009
Taipei (Taiwan) - In what may be the gloomiest forecast to date, Taiwan Semiconductor Manufacturing Company (TSMC) CEO Rick Tsai said in response to his company's greatly depressed Q1'2009 outlook, that the global semiconductor industry may decline by 30% in 2009.
From the article:
"Based on TSMC's revenue breakdown by application, the consumer electronics segment slid 39% sequentially in the fourth quarter of 2008, followed by a 34% decline in computer applications, and a 32% drop in the communications category. The general weakness in demand across all applications dragged down the foundry's revenues and profits."