TSMC's Chang gives bleak outlook for 2012

Peter Clarke, EETimes
10/14/2011 7:22 AM EDT

LONDON – Morris Chang, chairman and CEO of foundry chipmaker Taiwan Semiconductor Manufacturing Co. Ltd., has given a dismal outlook for the world economy and the chip industry, which is closely coupled to it, according to reports.

Speaking at an awards ceremony on Wednesday (Oct. 12) Chang said “no swallow will be in sight throughout next year,” according to the Taiwan Economic News.

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