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Politics : Formerly About Applied Materials

AMAT 320.99

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11:14 AM EST

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To: Darin who wrote (11268)	11/17/1997 9:17:00 AM
From: Darin	Read Replies (1) of 70976

To All: Overcapacity in the foundry biz??? TSMC to increase its sales estimate HSINCHU, TAIWAN -- Following a surge in the IC wafer foundry business, Taiwan Semiconductor Manufacturing Co. (TSMC) Ltd. here this week will raise its 1997 sales forecast by 10% to 20%, according to industry analysts. Hsinchu's TSMC's 1997 sales could total between $1.54 billion to $1.68 billion, analysts estimated. Earlier this year, TSMC estimated its 1997 sales would slip 12.5% to about $1.4 billion this year compared to $1.6 billion in 1996. Donald Floyd, an analyst for ING Barings Taiwan Ltd. in Taipei, said it was no surprise that TSMC would revise its 1997 sales upwards following strong bookings and sales in the third quarter of this year. TSMC itself is showing gross margins of more than a whopping 40% at the present time, while other chip businesses DRAMs remain in the tank, Floyd added.

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