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Taiwan technology sector forecast to see booming momentum: MIC
[September 22, 2014]

Taiwan technology sector forecast to see booming momentum: MIC


(China Post (Taiwan) Via Acquire Media NewsEdge) The Market Intelligence & Consulting Institute (MIC), an arm of the Institute for Information Industry yesterday stated that components of Taiwan's technology sector including PC, network communication, semiconductor, and software are expected to see tremendous growth momentum over the course of this year.



Most notably, the institute stated that prospects of Taiwanese fledgling software startup companies are poised to be benefit from strong growth in the technology hardware sector.

According to the MIC, revenues across Taiwan's information and communication technology sector, including exports of modules is expected to reach the scale of NT$2.8 trillion, gaining 9.9 percent year-on-year and exceed the anticipated global average growth rate of 7.9 percent.


In addition, following the launching of the 4G mobile broadband network in Taiwan, expected sales of smartphones is expected to surge by 12.7 percent and reach around 292 million units in 2015. Concurrently, buoyed by strong growth in demand for mobile devices, the global semiconductor market is anticipated to climb to the US$336.3 billion benchmark towards the end of next year, gaining 3.1 percent year-on-year. Furthermore, Taiwan's semiconductor sector is expected to see overall sales improve by 6 percent year-on-year, and reach NT$2.21 trillion in 2015, propelled by strengthening demand for mobile devices including smartphones, and wearables while exceeding the forecasted performance of major international markets.

MIC senior industry consultant Shen Chu-san noted that Taiwan's technology sector is poised to emerge from the influence of turbulence and uncertainty beginning in the latter half of this year, with improving market conditions expected to persist until next year. Sectors including semiconductors, information communication are expected to see widespread performance improvement, said Shen, while commending integration efforts observed across the Taiwan's contract manufacturing sector. Although margins remain compressed, Taiwanese companies are evolving towards more value-added services, such as Acer's transition to the cloud computing industry amid the declining outlooks on hardware manufacturing.

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