Global Semiconductor expected to grow by 3%-5% next year

Taiwan Semiconductor Manufacturing Co. chairman Zhang Zhongmou reduced the growth rate of semiconductor output this year to 1% again, and foundry contracted to only grow 4%. TSMC has also lowered its capital expenditure this year to US$7.3 billion. It is expected that this wave of inventory adjustment will be completed by the end of this year. The annual growth rate of semiconductor output will reach 3% to 5% next year, and TSMC will be better than the industry average.

Zhang Zhongmou stressed that the debt problem in Europe has still not been resolved, so he did not change the view that “you can't see Chunyan in the next year.” He reduced the semiconductor growth rate this year to 1% again. TSMC is also under the conservative influence of the global recession and the customer's situation. The annual capital expenditure will be reduced from the original 7.4 billion U.S. dollars to 7.3 billion U.S. dollars. This year will be less than this year.

Zhang Zhongmou said that at present, the semiconductor industry inventory revision is not as severe as the 2008 financial turmoil, but it is somewhat similar to the second and third quarters of 2009. It is expected that the inventory adjustment will be completed by the end of this year. The semiconductor supply chain will start another new one in next March and next April. The loop. He predicts that the output value of the global semiconductor industry will grow by 3% to 5% next year, which is in line with his previous proposal that the global semiconductor industry will show an annual growth of single-digit percentage (4% to 6%) in the coming decade.