Despite foreseeing further room for appreciation of the New Taiwan (NT) dollar against the U.S. dollar and a further rise in the price of crude oil, Taiwan Semiconductor Manufacturing Company (TSMC) chairman Morris Chang reiterated his projection of seeing growth in the semiconductor industry beat that of the overall industry in 2008. A surge in the NT dollar, of course, is unfavorable for exporters, but industry players should take long-term trends into account when judging the impact of currency exchange rates, Chang said.

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