TSMC is quick to dampen the mood by posting such modest expectations for Q1 on the heels of such impressive results for last year's Q4. I wonder how accurate of a prediction that is, and how much the company stands to gain from such reduced expectations.
It is truly a mixed bag. Mid range mobile is booming (thanks to demand from emerging markets) but other sectors which rely more heavily on demand from developed countries are suffering. The IC industry does operate in isolation from the wider economy.
I wonder how long emerging markets can really drive this space and when fully-industrialized countries have to once again take charge of the worldwide economy...after all they do have the advantage in terms of greater manufacturing capabilities and elaborate services as well.
Hmmm, I do not think the developed industrialised countries arein charge of the world economy, well not they used too anyway. There is a seismic shift in wealth and power taking place from west to east, and north to south. We ignore that at our peril....