With optoelectronics leading the way, Southern Taiwan Science Park sees business volume grow

August 30, 2007

Boosted by a rebounding optoelectronics industry, companies at the Southern Taiwan Science Park (STSP) saw combined revenues of NTD 88.635 billion for the May-June period, a 20.49% increase over the Mar.-Apr. period.

The optoelectronics industry was the driving force behind growth at the park in May and June, posting growth of 26.41% over the Mar.-Apr. period. At the same time, the precision machinery and import/export trade businesses at the park also saw growth, underlining a general turnaround for the market.

The May-June period saw 33.66% year-on-year growth, according to the STSP Administration. Business volume for the first six months of the year was NTD 230.9 billion -- 44.41% of the administration's projection of NTD 520 billion in business for 2007.

According to STSP statistics, the optoelectronics business volume for May and June was NTD 65.499 billion, a 26.41% increase over the previous two months. The growth was mainly due to a rebound in flat panel sales in Q2, which have pushed prices upward. Optoelectronics comprised 73.9% of all STSP business volume -- the highest of all industries at the park. Business revenues at the STSP for the first six months of the year totaled NTD 166.483 billion, yielding 9.84% year-on-year growth.

The semiconductor business at the park remained consistent with global trends for the industry, showing gradual growth. Business volume for the May-June period was NTD 18.3 billion, growing 0.85% over Mar-Apr period, but decreasing 5.57% year-on-year. Business volume for the period was NTD 53.1 billion, comprising 20.66% of total business volume at the park for May-June -- a slight increase of 0.56% over Mar.-Apr.

The precision machinery industry comprised a smaller part of business volume at the park, but showed the fastest growth. For the May-June period, the industry grew 45.62% over the Mar-Apr period to post earnings of NTD 3.729 billion, and 55.62% year-on-year growth. The machinery industry's posted total earnings for the first six months of the year of NTD 8.45 billion, showing year-on-year growth of 66.26%. Growth in the sector has been attributed to the general economic turnaround, which has spawned rising demand for equipment. In addition, local equipment manufacturers have been upgrading their technology, another indicator of a general economic turnaround.

(Economic Daily News)

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