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Taiwan Chip Industry Forecast For Lesser Growth

Chip industry of Taiwan have expected to have flat growth year nearly 0.9% in production value based on year-in-year growth, demands weaken amid trade uncertainty and lesser demands on smartphones.

Forecast report was according to Taiwan Semiconductor Industrial Association (TSIA), the chip industry to have a production value of NT$2.64 trillion, a 0.9% growth. The growth was trimmed down due to consumers have least interest in smartphones that weaken its demands.

The IC industry of Taiwan covers chip design, chip manufacturing, packaging and testing with the manufacturing sector covers 50% of the Taiwan’s total production value.

Even company heavyweights, Taiwan Semiconductor Manufacturing Corp (TSMC) and chip designer MediaTek will be affected in the low percentage of chip production in Taiwan.

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