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Technology Stocks : Alliance Semiconductor

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Jul 10 5:00 PM EST

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To: Norrin Radd who wrote (4731)	3/3/1999 10:38:00 AM
From: DJBEINO	Read Replies (1) of 9582

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. Chang maintained his upbeat outlook for the semiconductor industry, citing an industry report that the global semiconductor production would increase 14 percent in 1999 from 1998. Chang expected Taiwan Semicon's first quarter sales to increase from the fourth quarter of 1998, and that second quarter sales would exceed those of the first quarter. He did not provide figures. biz.yahoo.com

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