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Strategies & Market Trends : Trend Setters and Range Riders

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To: SusieQ1065 who wrote (4054)	4/17/2001 3:56:21 AM
From: 2MAR$	Read Replies (1) of 5732

Philips (PHG.AS) Slashes '01 Semiconductor Capex 50% To EUR1.3B , to cut 6000 jobs . ( also fears that ERICY there may be as much as 30,000 job cuts) dow jones now just what is INTC going to say ? Taiwan Semicon Mfg 1Q Utilization Dn To Around 70%-Forbes TAIPEI (Dow Jones)--Chipmaker Taiwan Semiconductor Manufacturing Co. (TSM) saw its utilization rate slide to around 70% during the first quarter after operating at full capacity during the previous three-month period, Forbes Global magazine said Tuesday. Utilization at the world's largest pure chip foundry will likely fall to "very close to 50%" or slightly lower over coming months, TSMC's chairman Morris Chang told the investment magazine. Still, Chang said the worst is almost over for the semiconductor industry, with the bottom likely to be reached in April or May. "The recovery may not be a very swift and brisk one...but I do think that the third quarter (of 2001) will be better than the second, and the fourth will be better than the third," Forbes Global quoted Chang as saying. -By Dermot Doherty, Dow Jones Newswires; (8862)2502-2557 dermot.doherty@dowjones.com (END) DOW JONES NEWS 04-17-01 04:03 AM * end of story *

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