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Politics : Formerly About Applied Materials

AMAT 259.15

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To: Big Bucks who wrote (20592)	6/19/1998 8:08:00 PM
From: Teri Skogerboe	Read Replies (2) of 70976

BB, all, Dow Jones Newswires-June 19, 1998 HSINCHU, Taiwan -- Faced with slowing sales and weak global prices, electronics giant Taiwan Semiconductor Manufacturing Corp. (TSM) is tightening its belt, cutting capital spending by US$300 million and curbing production expansion for next year. The island's largest semiconductor maker also is paring back plans to hire new employees and slowing down progress on its US$10 billion investment in southern Taiwan's second science park, a top official at the company said. interactive.wsj.com

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