Taiwan's 2003 chip production to grow 23 percent

Taiwan's 2003 chip production to grow 23 percent
By Peter Clarke, Semiconductor Business News
March 20, 2003 (12:10 p.m. EST)
URL: http://www.eetimes.com/story/OEG20030320S0032

TAIPEI, Taiwan — The value of Taiwan chip production is expected to grow 22.9 percent and reach NT$802.2 billion, or about $23.1 billion in 2003, according to a report from Digitimes, which references Industrial Technology Information Services (ITIS), a unit of Taiwan's Ministry of Economic Affairs.

Taiwan's chip production value in 2002 was NT$652.9 billion (about $18.8 billion), up 23.9 percent from 2001, far outpacing the near zero growth of worldwide chip sales, the report said.

The production value of Taiwan's fabless companies is expected to grow even faster reaching NT$192.6 billion (about $5.5 billion) in 2003, increasing by 30.3 percent from NT$147.8 billion (about $4.25 billion) last year, the report added.