C-Cube Message Board - Msg: 11388817

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Technology Stocks : C-Cube

CUBE 35.64

-0.6%

Nov 20 3:59 PM EST

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To: tony schwarz who wrote (45539)	9/28/1999 5:19:00 PM
From: JPM	Read Replies (2) of 50808

TSM is back in business... SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 28, 1999--Taiwan Semiconductor Manufacturing Company (NYSE:TSM - news) said at 11:00 a.m. PDT, that 90 percent of the company's wafer process equipment has been released for production. ``We are beginning to accept new tape outs and engineering starts,' said Ron Norris, senior vice president of sales and marketing for TSMC. ``While cycle time may be longer than normal, we do anticipate an imminent return to high-volume production.' TSMC estimates the earthquake's impact on sales revenues for September and Q4 may total NT $2.8 billion (US $88.2 million). The company estimates that 28,000 wafers were scrapped as a result of the earthquake. However, with insurance coverage, the full impact on the company's profits is not expected to exceed NT $1 billion (US $31.5 million). As reported earlier, TSMC is operating at 100 percent of its normal power allocation and its DI water facilities are fully operational. In addition, TSMC's mask shop and test areas are operating at 100 percent of their capability.

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