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Old 23-02-2009, 11:50 PM   #1
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[Techpowerup.com] TSMC Executive Sees Chip Industry Recovery in Three Years

Morris Chang, chairman of Taiwan Semiconductor Manufacturing Co. (TSMC), said on Friday what his predictions were for the global semiconductor industry and when it will recover from the global economic crysis that's upon everything at the moment.
I think it will be 2012 before the total revenue of the semiconductor industry gets back to the '08 level
he said. Knowing that he has more than 50 years experience in this circle, and he's the founder of the world's largest contract chip manufacturer TSMC, we can trust his words. Mr. Chang also added that the semiconductor industry was "pretty close" to the bottom. That's really how bad the chip makers are doing at present.

Source: The Wall Street Journal

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