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Technology Stocks : Micron Only Forum

MU 225.10

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11:06 AM EST

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To: Doug Meetmer who wrote (43423)	3/3/1999 8:34:00 AM
From: william j cap	Read Replies (1) of 53903

Taiwan Semiconductor sees 20 pct rise in '99 sales TAIPEI, March 3 (Reuters) - Taiwan's leading microchip maker, Taiwan Semiconductor Manufacturing Corp , said on Wednesday it expects sales to jump 20 percent in 1999 due to a gradual recovery in the global semiconductor industry. ''Since global wafer foundry production value is expected to grow 20 percent this year, Taiwan Semiconductor should be able to see a 20 percent increase in sales this year,'' chairman Morris Chang was quoted as saying by the firm's spokesman. Taiwan Semiconductor's 1998 sales stood at T$50.2 billion, and a 20 percent rise would mean more than T$60 billion. Chang said semiconductor industry had recovered and dynamic random access memory chips should have the biggest growth of all microchip products.

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