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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA
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To: Sherman Chen who wrote (1471)11/26/2001 3:43:38 PM
From: Proud_Infidel  Read Replies (1) of 1929
 
TSMC bumps up revenue forecast

By Mike Clendenin
EE Times
(11/26/01 10:38 a.m. EST)

TAIPEI, Taiwan — Things are looking a little better for contract chip maker Taiwan Semiconductor Manufacturing Co., which said Monday (Nov. 26) that it would favorably revise its financial forecast for 2001 because of a surge in orders.

The company said its before-tax revenue would be more than 20 percent higher than predicted in September, putting the foundry's fourth-quarter gross profit at around $271 million. Initially, TSMC had predicted a 15 percent sequential increase in quarterly revenues.

A TSMC spokesman indicated that the increase is due to greater use of its more sophisticated process technologies by customers such as Nvidia Corp., which provides core circuitry for Microsoft's Xbox game console.

TSMC has emerged from this summer's lows on the backs of just a few major companies, like Nvidia and Via Technologies Inc., which have pushed PC-related chips to 49 percent of TSMC's sales. The company estimated that nearly 50 percent of its production lines will be in use this quarter, up from 41 percent in the third quarter. And chairman Morris Chang has also said that the first few months of 2002 shouldn't be any worse than this quarter.
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