Arthur van der Poel, the chairman of Philips Semiconductors, told Dow Jones that turmoil in the Asian markets will lead to a price erosion of around 10% next year, and will hurt the company’s bottom line. The semiconductor division of Philips NV, the world’s ninth largest supplier of chips, generates around 40% of its revenues in Asia, and holds a 28% stake in the Taiwan Semiconductor Manufacturing Co, which it intends to reduce to 25% once market conditions are more favorable. Poel also said that he’s on the lookout for a small acquisitions in the software and design fields.
