Taiwan Semiconductor (NYSE: TSM) Message Board

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Technology Stocks : Taiwan Semiconductor (NYSE: TSM)

TSM 302.84

+1.4%

Dec 26 9:30 AM EST

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To: T-Lo Greens who started this subject	5/5/2004 8:37:39 AM
From: JakeStraw	Read Replies (1) of 684

Taiwan Reportedly to Cut Stake in Taiwan Semiconductor By TSC Staff 5/5/2004 8:25 AM EDT thestreet.com Asian semiconductor makers were in for a rough session Wednesday following a report that Taiwan's government planned to reduce its stake in Taiwan Semiconductor (TSM:NYSE) by roughly half. Taiwan Semi's stock slipped 7% in overseas trading after Bloomberg reported the Taiwan Development Fund will cut its stake in the world's biggest chip manufacturer to 4.1% from 7.3% through sales in U.S. markets. The fund will unload the roughly $1.2 billion slug in order to help fund a government budget deficit.

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