Lam Research (LRCX, NASDAQ): To the Insiders Message Board

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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 143.19

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To: FJB who wrote (3927)	1/27/2000 10:30:00 AM
From: Proud_Infidel	Read Replies (1) of 5867

TSMC sales jump 104% in Q4 with fabs running at 107% capacity Semiconductor Business News (01/27/00, 09:00:04 AM EDT) HSINCHU, Taiwan--Silicon foundry giant Taiwan Semiconductor Manufacturing Co. Ltd. here today reported net sales increased 104% to about $790 million (NT$23.6 billion) in the fourth quarter of 1999 from revenues in the 1998 period. TSMC said it shipped a record 551,000 eight-inch equivalent wafers to foundry customers in the fourth quarter, a 90% increase over unit volumes in the previous year. The strong recovery in silicon foundry demand pushed TSMC's capacity utilization rate to 107% in the fourth quarter last year from just 68% at the end of 1998. The company posted a net income of $280 million (NT$8.3 billion), an increase in profits of 229% compared to $80 million ($2.5 billion) in the fourth quarter of 1998. TSMC said it is on track to expand its total wafer-processing capacity to 3.4 million eight-inch equivalent wafers in 2000, which would be a 79% increase from the silicon processed in 1999. To do that, TSMC is increasing its capital spending and acquiring Worldwide Semiconductor Manufacturing Corp. (WSMC) as well as taking full ownership of a joint-venture fab from Acer Group (see Jan. 7 story). The world's largest chip-foundry company said its expected capital expenditures will reach $3.73 billion in 2000, with affiliates likely to spend $963 million this year. For the entire year, TSMC posted net sales of $2.4 billion (NT$73.1 billion), an increase of 46% from 1998. Wafer shipments grew to 1.757 million eight-inch equivalent wafers while average selling prices for processed substrates slipped 1% to $1,165 due to unfavorable exchange rates with the U.S. dollar, according to the company. TSMC's net income grew 60% to $860 (NT$24.6 billion) in 1999 from $510 million (NT$15.3 billion) in 1998.

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