ITRI revises chip industry forecast upwardINFLUENCE OF TWO: An analyst said that MediaTek and TSMC have performed much better than was expected, prompting a much bigger forecast for all local designersBy Lisa Wang / Staff reporterThe Industrial Technology Research Institute (ITRI, 工研院) yesterday revised upward its growth forecast for Taiwan’s chip industry, expecting production value to increase 18 percent to NT$3.81 trillion (US$136.01 billion) this year from NT$3.22 trillion last year. “MediaTek and TSMC have performed way better than we expected,” ITRI analyst Jerry Peng (彭茂榮) said in an e-mail to the Taipei Times. TSMC’s first-quarter revenue rose 17.6 percent annually to NT$262.41 billion, with expected growth of about 20 percent this year, TSMC said. Peng said he adjusted his output growth forecast for local chip designers to 30.5 percent annually this year, compared with a previous estimate of 10.9 percent. Three months ago, ITRI estimated that chipmakers’ production value would grow 8 percent and memorychip makers’ output 4 percent this year.

Source: Taipei Times May 14, 2021 15:56 UTC