Taiwan sees growth

05/01/1997

Taiwan sees growth. Taiwan hopes to achieve annual IC production growth of 14% from now through 2004, when chip revenues are forecast to exceed $15 billion. An Industrial Development Bureau official, quoted by the Taiwanese Central News Agency, said Taiwan fabs could account for 10% of the world`s output by 2004, compared to 2.3% last year. By 2004, Taiwan hopes to have 40,000 workers employed by 120 IC manufacturers, and the government plans to help the private sector develop its technology and increase competitiveness.