Taiwan: Semiconductors up 42% in 1Q

June 16, 2004 – Taiwan’s semiconductor sector topped $7.11 billion in 1Q04, a 42.1% increase from 1Q03, according to a government report.

Chip manufacturing was up 46.6% to $4.06 billion — that includes contract production, which rose 42.5% year-on-year to $2.58 billion. Chip design ($1.71 billion) rose 38%, as did packaging ($990 million), while test rose 49.2% to $360 million.

For all of 2004, Taiwan’s semiconductor is projected to grow to a record $29.67 billion, up from $24.3 billion in 2003.

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