Cahners In-Stat Group: Asia Pac Tigers Roar as Regional Chip Consumption Skyrockets.Business Editors, Technology Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--July 17, 2000 The high-tech Internet revolution is contributing to spectacular economic recovery in Asia Pacific, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cahners In-Stat Group, a high-tech market research firm. Following a financial battering from the 1997-98 economic crisis, the region's emerging economies have rebounded strongly with renewed optimism and a commitment to boost the electronics industry as a catalyst for region-wide growth. According to Grant Johnson, Industry Analyst for In-Stat's Semiconductor Service, "As the doom and gloom doom and gloom n. Gloom and doom. doom  -and-gloom adj. of the financial crisis continues to fade, the Asian semiconductor
industry is enjoying a revival of its own."
Asian demand for end-use electronic products is soaring and chips are being consumed at a record rate. As a result, Asia Pacific is now the fastest growing semiconductor-consuming region in the world, with a forecasted compound average growth rate (CAGR CAGR See: Compound Annual Growth Rate ) of 26.0% through 2004. In-Stat predicts that Asia Pacific will be the highest chip-consuming region over the next five years as it is already spending more money on fab and semiconductor equipment than any other in the world. Specifically, Taiwanese and South Korean semiconductor companies are increasing capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. this year at a faster rate than those in any other country or region. In-Stat also finds that: -- China has become the largest electronics producing country in Asia Pacific. This year, China will produce $68.5 billion worth of goods and grow by a CAGR of 18.3%. -- Structural problems still persist despite the region's spectacular rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective and economic growth. -- The trend toward "outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. " will lead Taiwan's foundry business to account for about 40% of total ICs produced by 2010 and a recovering DRAM market will boost the fortunes of South Korea. The Report Asia Pacific: Tigers Roar Once More (No.SI0005SF) analyzes Asia Pacific's leading economies and presents a semiconductor forecast for the region. To purchase this report or for additional information, please visit http://www.instat.com/catalog/cat-si.htm#si0005sf or call Courtney McEuen at 480/609-4533; cmceuen@instat.com. The report price is $3,995 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . Cahners In-Stat Group (http://www.instat.com) covers the full spectrum of digital communications Transmitting text, voice and video in binary form. See communications. research from vendor to end-user, providing the analysis and perspective that allows technology vendors and service providers worldwide to make more informed business decisions. |
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