Maybe more good news.
Stan
12/04 01:27
TSMC Executive Scouts Sites for First Plant in China (Update2)
By Alan Patterson
quote.bloomberg.com
Hsinchu, Taiwan, Dec. 4 (Bloomberg) -- Taiwan Semiconductor Manufacturing Corp., the biggest maker of chips for other companies, said its second-ranking executive visited China to look at possible sites for the company's first plant in China.
Deputy Chief Executive Tseng Fan-Chen assessed locations during a recent trip to Shanghai for an industry conference, TSMC spokesman J.H. Tzeng said.
TSMC must accelerate plans to invest in the mainland because China rivals, such as Semiconductor Manufacturing International Corp., which started production this year, are undercutting chip prices, investors said.
``You need to sleep with your enemy to ensure that it doesn't get out of hand,'' said Albert King, who counts TSMC shares among the $2.5 billion he helps to manage at HSBC Asset Management Taiwan Ltd. ``TSMC may tear down some of its old factories in Taiwan and move them to China.''
The TSMC visit comes as Taiwan's government is expected to ease its ban on Taiwan chipmakers investing in the mainland. An announcement could come as early as Dec. 13, said the Web site of DigiTimes, a newspaper that covers Asian technology companies.
``Tseng went to Shanghai and took a look at several places,'' Tzeng said, confirming a DigiTimes report today on the trip. ``We don't have any solid plans for investment.'' |
