Taiwan Semiconductor Manufacturing Company (TSMC) has no layoff plans despite the global economic woes, according to company CEO Rick Tsai. He made the remarks on the sideline of the company's 2008 Supply Chain Management (SCM) Forum on November 14.
During his speech at the forum, he said the semiconductor industry may see a 5-9% decline in production value in 2009. But he asked suppliers to help TSMC to cut costs without sacrificing product quality.
He still expressed optimism about the emerging markets, as demand from these markets will be key to stimulating worldwide economy growth. He also expects more new applications entering the market, such as the featuring of CPUs in mobile handheld devices, mobile TVs and smartphones.
TSMC is cautiously planning its capital expenditure (capex) budget for 2009, according to company CIO Steve Tso, who noted that the company expects to organize a more efficient supply chain to tackle the economic slump. The company has already announced its capex for next year will be 20% lower than the US$1.8 billion estimated for 2008.
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