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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 269.55+0.3%3:59 PM EST

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To: Math Junkie who started this subject6/17/2002 9:01:44 PM
From: Ian@SI  Read Replies (1) of 25522
 
Looks like the foundry sector is coming back in spades...

TSMC and UMC announce recruitment plans

By Anthony Clark
EE Times UK
(06/17/02 10:31 a.m. EST)

Taiwan foundries TSMC and UMC have announced massive recruitment plans. The two companies are set to create 6500 jobs.

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TSMC plans to add 3500 staff by the end of 2002, half of whom will be production line works. The remainder will be split between engineers and administrative staff. A spokeswoman for the company says the new jobs will be divided between TSMC's Hsinchu plant in the north of Taiwan and its Tainan facility in the south.

According to UMC spokesman Sandy Yen, his company will add 3000 posts this year. In April, UMC announced plans to doubled its capital expenditure to $1.6bn.

Both companies posted better than expected sales figures for last month. May revenue at TSMC rose 77.8% year-on-year to $446m while UMC said May sales rose nearly 34% on the year to $196m.
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