Despite of weak demands, the Industrial Economic and Knowledge Center (IEK) under the Industrial Technology Research Institute (ITRI) predicted that Taiwan's IC packaging and testing industry to have production values of NT$74 billion and NT$ 33 billion, respectively, or total production value of NT$ 107 billion in the third quarter after the global economy hit bottom in first two quarters of the year. IEK said the Q3 will experience 6.8 percent compared to Q2 due to increasing demands from Japanese independent device manufacturers (IDMs) as well as a decline in gold prices. In the fourth quarter, IEK said will grow as the demand for various electronic devices such as smart phones, tablet PCs and Ultrabook PCs will show dramatical increase. For this year, IEK predicted the overall total from IC packaging and testing operators to reach NT$280.7 billion and NT$125.2 billion, respectively, or a growth of 4.1 percent and 3.6 percent compared to 2011.
A statistic report from ITRI showed the total revenues of Taiwan's semiconductor industry to expand to NT$419.3 billion in the third quarter, or increased by 16.4 percent compared to the same period of last year's figure. In Q3, IC designers forecast to earn NT$111.1 billion in revenue, up by 10 percent; IC manufacturing sector is expected to grow to NT$231.3 billion, up by 6.1 percent sequentially, with contract wafer manufacturing and memory product manufacturing up 6.6 percent and 4.1 percent respectively.