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Technology Stocks : Amkor Technology Inc (AMKR)
AMKR 33.130.0%10:33 AM EST
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To: tech101 who wrote (350)8/27/1999 1:28:00 PM
From: tech101  Read Replies (2) of 1056
 
Taiwan Semicon Hiking Foundry Prices

TAIPEI, Aug 26 (Reuters) - Microchip giant Taiwan Semiconductor Manufacturing Co on Thursday said it was hiking some of its foundry prices to cope with rising demand.

''We are only raising foundry prices on certain products,'' Tzeng Jinn-haw, Taiwan Semicon's public relations manager, told Reuters.

He declined to point out the extent of the price hikes. Taipei's Economic Daily News on Thursday said Taiwan Semicon was hiking its foundry prices by 15 to 25 percent for all its clients.

Taiwan Semicon, a global leader in made-to-order ''foundry'' chipmaking, had said that its cumulative January-July sales totalled T$36.319 billion, up 19.6 percent from T$30.367 billion in the same 1998 period.

The firm's capacity was again fully utilised in July as a result of continued growth in the semiconductor industry, officials said.

To obtain new capacity to cope with rising demand, Taiwan Semiconductor in June bought a 30 percent stake in Acer Inc's loss-making memory-chip unit, Acer Semiconductor Manufacturing, for T$5.5 billion, securing management rights in the process.

Taiwan Semiconductor has a listing of American Depositary Receipts (NYSE:TSM - news) in Wall Street.

(US$=T$31.9)
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