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Politics : Formerly About Applied Materials

AMAT 254.72

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Dec 1 3:59 PM EST

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To: StanX Long who wrote (59984)	2/5/2002 12:52:42 AM
From: StanX Long	Read Replies (1) of 70976

TSMC CEO Expects Chipmaker's Sales to Rise About 30% (Update2) By Alan Patterson 02/05 00:27 quote.bloomberg.com Hsinchu, Taiwan, Feb. 5 (Bloomberg) -- Taiwan Semiconductor Manufacturing Co., the largest maker of chips for other companies, said it expects sales to rise by as much as 30 percent this year as more customers farm out production to TSMC to cut costs. ``We expect our revenue to grow this year in the 20 percent to 30 percent range at least,'' Chairman Morris Chang said in an interview. ``There will be more outsourcing.'' He declined to forecast profit. Chang's estimate, quadruple the rate forecast for the industry and above expectations of some investors, underscores TSMC's success at providing a wider variety of production technology than United Microelectronics Corp. That helped it stay profitable while UMC and Singapore's Chartered Semiconductor Manufacturing Ltd., its largest rivals, turned to losses. TSMC's confidence may also signal a recovery in the chip industry amid a rebound in demand for everything from personal computers and mobile phones to electronic games. TSMC's orders from chipmakers such as Intel Corp. rose in the fourth quarter, helping the company raise its use of production equipment to half from a record low of 40 percent in the third quarter. A 30 percent sales increase would boost TSMC's revenue to about NT$164 billion ($4.7 billion) and would be above the 20 percent gain expected by Michael Ding, who counts TSMC among the $457 million of stocks he helps manage at International Investment Trust Ltd. in Taiwan.

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