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Technology Stocks : Amkor Technology Inc (AMKR)

AMKR 32.05

+6.2%

Nov 21 9:30 AM EST

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To: tech101 who wrote (487)	1/11/2000 8:48:00 PM
From: tech101	Read Replies (1) of 1056

TSM buying Worldwide Semiconductor FOR $5-8 billions By CBS MarketWatch Last Update: 1:48 AM ET Jan 11, 2000 TAIPEI (CBS.MW) -- Taiwan Semiconductor Manufacturing (TSM: news, msgs) said it agreed to acquire Worldwide Semiconductor Manufacturing Corp. in a stock swap valued at $5 billion to $8 billion. The hefty price tag underscores tight capacity in TSMC's niche business -- contract manufacturing -- and the rising stock valuations of manufacturers as chip designers and old-line semiconductor makers tap outside suppliers instead of building costly new plants themselves. The acquisition -- TSMC's second multibillion-dollar transaction in less than two weeks -- will boost its capacity by about 14 percent and preserve its lead in a contract-manufacturing market that will account for 12 percent of the semiconductor industry's total business by 2003, compared with 5 percent in 1998, according to a forecast by Donaldson, Lufkin & Jenrette. The Wall Street Journal cbs.marketwatch.com

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