TSMC head optimistic about future of semiconductor market

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TAIPEI, Taiwan, Oct. 23, 2017 – Morris Chang (張忠謀), chairman of Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), expressed optimism Monday about the semiconductor industry, predicting a growth rate that will surpass the global GDP.

"I think that the semiconductor market will grow two to three hundred basis points more than the global GDP," Chang said in a tech symposium that kicked off the company's 30th anniversary celebrations.

He said that the sector will also see a 4.5 percent-5.5 percent compound annual growth rate, adding that TSMC will perform even better than the sector's average to reach 5 percent-10 percent.

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