Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Fred Levine who wrote (6193)	5/26/2003 10:23:24 AM
From: Proud_Infidel	Read Replies (1) of 25522

TSMC expects 2003 sales to rise 20 pct y/y - paper Sunday May 25, 10:17 pm ET TAIPEI, May 26 (Reuters) - Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, expected 2003 sales to grow 20 percent from last year thanks to advanced technology and strong customer service, a newspaper said on Monday. The Chinese-language Commercial Times quoted TSMC Chairman Morris Chang as saying that sales growth for this year was better than his forecast of an eight percent rise for the global semiconductor industry. Chang also expected his company to post average annual growth of 20 percent in sales over the next seven years, the paper said but gave no other details. TSMC officials were not available for comment. TSMC (Taiwan:2330.TW - News; NYSE:TSM - News) has said rising second-quarter shipments and product prices would lead to an estimated 25 percent rise in revenues from T$39.33 billion in the first quarter. TSMC's clients - firms such as graphics chip desinger Nvidia Corp (Nasdaq:NCDA - News) and networking chip firm Broadcom Corp (NasdaqNM:BRCM - News) - were busy building inventories of new products, while older products were selling better than expected, analysts said. By 0155 GMT, TSMC shares were up 1.22 percent at T$49.70, while the main TAIEX (Taiwan:^TWII - News) index rose 1.78 percent. (US$=T$34.7)

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