Taiwan's United Micro Sells Chip Plant To Episil Tech
TAIPEI (Dow Jones)--United Microelectronics Corp. (2303.TW) has sold its 5-inch wafer fab to over-the-counter listed Episil Technologies for NT$2 billion (US$1=NT$30.302), an official at Taiwan's number two chipmaker said on Monday.
UMC sold the plant because it is no longer suited to the company's products and technology, the official said
UMC will post a profit of NT$170 million through the deal, he added.
Over-the-counter listed Episil makes epitaxial wafers, which are used in high-speed devices.
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Taiwan Semicon Chmn Expects Pft, Sales To Double In 2000
TAIPEI (Dow Jones)--Taiwan Semiconductor Manufacturing Co. (TSM) Chairman Morris Chang said on the weekend he expects sales and profit at the world's largest pure chip foundry to double in 2000.
TSMC posted a net profit of NT$24.56 billion (US$1=NT$30.302) in 1999 on sales of NT$73.13 billion, representing year-on-year growth of 60% and 46%, respectively.
Chang also said TSMC has a capacity this year of some 3.4 million wafers. The increased capacity follows its recent acquisitions of Worldwide Semiconductor Manufacturing and TSMC-Acer Semiconductor Manufacturing Corp.
Meanwhile, memory chip maker Vanguard International Semiconductor Corp., in which TSMC holds a 27% stake, broke even in March amid its restructuring as a chip foundry, Chang said
Chang said he remains upbeat about the future prospects for Vanguard, which said it saw sales grow 11% in March to NT$1.33 billion from NT$1.20 billion the year before.
TSMC's stock closed 5% higher Monday at NT$210.00 on volume of 35.6 million shares. |
