UMC (2303) closed @52.00 +0.50 vol 26,301,312
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May 16 net purchase 2,069,000 shares
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TAIWAN WEIGHTED closed @ 5111.67 -31.77 (-0.62%)
Day's Range :5094.58 - 5180.91
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IC foudries around the world have been cutting their foundry prices as demand remains slow. According to the “Commercial Times,” TSMC (2330 TT) has lowered its foundry prices by 10% to 20% since 2001, UMC (2303 TT) by 30% for major customers. The price of some memory prices at Chartered Semiconductor, another IC foundry, located in Singapore, is said to have dropped 50% since 2001. Though the demand for chips is likely to pick up in 3Q01 as some vendors like Microsoft or Nintendo will launch their new products in 4Q01, we still take a conservative outlook on TSMC and UMC in 2H01 because some South Korean chipmakers such as Hynix and Samsung are likely to shift some of their capacities to production at their IC foundries.
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Bk Of Taiwan Cuts Overnight Interbk Rate 20 Bps To 3.95% -
TAIPEI (Dow Jones)--State-owned Bank of Taiwan on Friday cut its overnight interbank offered rate by 20 basis points to 3.95%, in response to the central bank's 25 basis points cut on two key interest rates Thursday, said an official at the bank Friday. |
