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Technology Stocks : Cymer (CYMI)
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To: Jess Beltz who wrote (11308)12/9/1997 11:58:00 PM
From: FJB  Read Replies (1) of 25960
 
TAIPEI -- Taiwan Semiconductor Manufacturing Co. (TSM), Taiwan's
largest chipmaker, said Tuesday sales in November surged 86% from a
year earlier to NT$5.23 billion, a record monthly high.

November sales benefited from a drop of as much as 15% in the New
Taiwan dollar against the U.S. dollar in the past two months, the company said.

Because a majority of TSMC's revenues are billed in U.S. dollars, the rise of the American currency gave a boost to New Taiwan dollar-denominated revenue when the company converted its export receipts, the chipmaker said.

Sales also rose because of strong demand and an increase in production
capacity compared with a year earlier, TSMC said.

Sales in November climbed 10.7% from October, TSMC said. Most of
Taiwan's listed companies are required to post a report on November sales by Wednesday. TSMC's sales in the 11 months to November gained 4.8% from a year earlier to NT$38.58 billion, the company said.
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