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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (5343)	7/12/1999 9:50:00 AM
From: DJBEINO	Respond to of 9582

Taiwan's chipmakers posted solid sales growth in June Taipei, July 11, 1999 (CENS)--Taiwan's semiconductor companies mostly reported solid sales growth in June, strong evidence that the chip-making industry is recovering from its recent slump, analysts said. Taiwan Semiconductor Manufacturing Co., the world's largest wafer foundry, reported late last week its revenue in June surged to a monthly record high of NT$5.73 billion, up 89.9% from a year ago. For the January-June period, sales grew to NT$29.1 billion, up 6.4% from NT$27.3 billion recorded in the same period last year. The increase in sales was mainly due to continued growth in the global semiconductor industry, the company's spokesman Y.C. Huang said. He added that the company's production capacity is fully booked until the end of August. Meanwhile, United Microelectronics Corp., Taiwan's second largest chipmaker, reported its sales in June reached NT$2.36 billion, a rise of 4.4% from the previous month and a jump of 95.24% from a year earlier. For the first six months of the year, the company's sales rose 4.4% from the previous year to reach NT$13.6 billion, UMC officials said. Winbond Electronics Corp., which makes both logic and dynamic random access memory (DRAM) chips, also said its revenue surged 94% in June to NT$1.93 billion from NT$995.3 million a year ago. Vanguard International Semiconductor Corp., posted a 148% jump in sales during June to NT$1.03 billion from NT$417.1 million of the same month last year. Accumulated sales for the January-June period, meanwhile, rose 49% to NT$7.09 billion. Vanguard is a 27%-owned affiliate of TSMC.