UMC closed @ 116.00 +7.50 vol 73,991,000
+++++++++++
TAIWAN WEIGHTED closed @9807.57 +324.93 (+3.43%
+++++++=
Taiwan's TWSE Index rose 247.49 to 9730.13, led by computer
chipmakers and related shares on strong demand for their chips
made to other companies' specifications. Last week, United
Microelectronics Corp. Chief Executive Officer Peter Chang said
strong demand will allow UMC to enjoy a gross profit margin of 46
percent.
UMC, the island's second largest made to order computer
chipmaker, rose 6.9 percent to NT$116. Taiwan Semiconductor
Manufacturing Co., the world's largest maker of chips to
customers' demands, rose 6.1 percent to NT$210. Advanced
Semiconductor Engineering Inc., a computer chip packager, rose 6.6
percent to NT$113.
``Electronics shares will reflect their fundamental strength
as political risks eased,' said George Lee, who manages $120
million) from Fubon Securities Investment Trust Co. in Taipei.
+++++++++++++=
Taiwan Hot Stk: United Micro Limit-Up On Indus Outlook
TAIPEI (Dow Jones)--Investors are gobbling up shares of United Microelectronics Corp. (2303.TW), Taiwan's second largest dedicated chip foundry, amid market belief the industry's upswing will continue into the year 2001. Also investors are building up positions in tech issues ahead of the second quarter, the peak period for tech companies to pay dividends.
At 0235 GMT (9:35 p.m. EST Sunday), United Microelectronics was up NT$7.50 (US$1=NT$30.640), or the daily limit of 7%, NT$116.00 on volume of 68.0 million shares. |
