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Technology Stocks : Taiwan Semiconductor (NYSE: TSM)

TSM 289.97

+1.9%

Nov 26 3:59 PM EST

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To: fut_trade who wrote (502)	5/27/1999 12:08:00 PM
From: tom	Read Replies (2) of 684

HONG KONG, May 27 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd will achieve record profits in 1999 due to strong demand for its eight-inch wafers, Chairman Morris Chang said on Thursday. "This year we will have a record year, in terms of dollars not earnings per share," Chang told reporters following an address to the Asia Society in Hong Kong. The company would meet rising demand through a factory currently under construction in the southern Taiwan city of Tainan and by outsourcing. "We are bringing up a lot of eight-inch wafer fabs," Chang said, referring to fabrication plants for making microchips on semiconductor wafers. "We have a new eight-inch wafer fab that is being constructed in Tainan, and that is going to be ready in the spring of next year. We are also talking to a couple of partners who have empty fabs," he added. Chang said one of those partners would be National Semiconductor. He would not name the other parties with which it was currently negotiating. Taiwan Semicon is a global leader in made-to-order "foundry" chipmaking. The company announced plans to build Taiwan's first 12-inch wafer plant earlier this month. Change said the company would not be affected by plans of other producers to shift their method of chip production to foundry. "It takes a different corporate culture to be in foundry." Chang said. "Just switching your equipment to make foundry is not going to do it." He said a programme announced last month under which shareholders could swap their common stock for American Depositary Receipts <TSM.N> listed in New York would be limited to investors holding a minimum of 1.2 million shares for at least a year.

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