According to the fundamental theorem of arithmetic, every composite number can be factorized as a product of primes and this factorization is unique.

The given statement is True.

Fundamental Theorem of Arithmetic states that every integer greater than 1 is either a prime number or can be expressed in the form of primes. Therefore, according to the fundamental theorem of arithmetic every composite number can be factorized as product of primes and this factorization is unique.