Vanguard International Semiconductor said this week that its revenue would continue to grow in 2017 on the back of a resurgent global economy. According to The Taipei Times, Vanguard chairman Leuh Fang noted the global economy would likely expand 3.5% this year.
That, he said, would boost demand for electronic devices and be beneficial for semiconductor makers. “There is a close correlation between world GDP and semiconductor” demand, Fang was quoted as saying.
Vanguard is paying close attention to rising demand for controller chips used in LCD televisions, as it manufactures those chips. Meanwhile, flat panel supply constraints will not limit Vanguard’s driver IC shipments as Chinese panel makers are expected to boost production, Fang said.
Fang also said that Vanguard forecasts moderate growth for its new fingerprint sensor business and its power management ICs. Power management ICs are becoming more commonplace in industrial computers and automobiles.
Finally, Vanguard said it is forecasting moderate revenue growth in the first half of this year compared with the same period in 2016, despite potential political instability in the U.S. and Europe. Last month HSBC predicted Vanguard’s revenue in 2017 would grow about 5 percent year-on-year to NT$26.97 billion (US$844 million).