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Semiconductor decline in 2009 narrower than expected, says TSMC executive

FC Tseng, vice chairman of Taiwan Semiconductor Manufacturing Company (TSMC), Tuesday said that the decline in the global semiconductor market this year is expected to narrow to 20%, with China playing a key contribution to the narrower-than-expected drop.

Demand from China's white-box handset market and the China government's stimulus programs for domestic spending have helped sustain a recent recovery in the global semiconductor market, he said.

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