Taiwan's TSMC expects profit for Q2 2001
TAIPEI, June 25 (Reuters) - Taiwan Semiconductor
Manufacturing Co (TSMC) <2330.TW>, the world's largest
microchip foundry, expects to report a profit for the second
quarter of 2001, the Financial Times reported on its Web site.
The forecast by TSMC Chairman Morris Chang contrasted with
a second-quarter loss warning issued this month by rival United
Microelectronics Corp <2303.TW>, the world's second biggest
foundry.
Chang forecast TSMC would enjoy a business rebound in the
second half of this year, the Financial Times Web site said on
Sunday.
"I feel TSMC has already touched bottom and I think the
third and fourth quarters will be stronger than the second
quarter," Chang was quoted as saying.
Chang's confidence that TSMC would remain profitable would
bolster hopes of a recovery in demand for personal computers,
which he said had already "experienced its worst" and would be
stronger in the second half than in the past three months, the
newspaper said.
However, Chang made clear that his relatively upbeat
assessment of TSMC's situation did not extend to the
(REUTERS) Taiwan's TSMC expects profit for Q2 2001
Taiwan's TSMC expects profit for Q2 2001
TAIPEI, June 25 (Reuters) - Taiwan Semiconductor
Manufacturing Co (TSMC) <2330.TW>, the world's largest
microchip foundry, expects to report a profit for the second
quarter of 2001, the Financial Times reported on its Web site.
The forecast by TSMC Chairman Morris Chang contrasted with
a second-quarter loss warning issued this month by rival United
Microelectronics Corp <2303.TW>, the world's second biggest
foundry.
Chang forecast TSMC would enjoy a business rebound in the
second half of this year, the Financial Times Web site said on
Sunday.
"I feel TSMC has already touched bottom and I think the
third and fourth quarters will be stronger than the second
quarter," Chang was quoted as saying.
Chang's confidence that TSMC would remain profitable would
bolster hopes of a recovery in demand for personal computers,
which he said had already "experienced its worst" and would be
stronger in the second half than in the past three months, the
newspaper said.
However, Chang made clear that his relatively upbeat
assessment of TSMC's situation did not extend to the
semiconductor industry as a whole, it added. On Friday, TSMC
shares closed T$1.00 or 1.2 percent lower at T$85.00, compared
with a 1.62 percent fall on the main TAIEX <.TWII> market.
(US$ = T$34)
((Taipei newsroom, +886 2 2508-0815 fax +886 2 2508-0204,
taipei.newsroom@reuters.com))
REUTERS
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