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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (63182)	9/21/1999 8:54:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

Taiwan quake appears to have caused only structural damage to chip makers. Looks like POS will retreat today: ----------------- bloomberg.com Science Park Hit Thomas Yeh, secretary general of the Council for Economic Planning and Development, estimated losses at Hsinchu Science Park -- home to much of Taiwan's high-technology businesses and chip foundries -- at about NT$5 billion. Industry officials put losses at double that amount, according to China Times Express newspaper. Taiwan Power Co. Ltd., the island's electric monopoly, said it did not expect Hsinchu to get its power back ''in the short term,'' CNA reported. Science park officials said that though most of the wafer plants weren't damaged, it would take two to three days to realign production lines, according to state radio. For many of Taiwan's 22 million residents, power would likely be restored by Friday, Taipower said. Winbond Electronics, one of Taiwan's largest computer memory chipmakers, said it expected its production halt to last three days, which would cost the firm NT$220 million ($7 million), CNA reported. United Microelectronics said its losses would exceed the NT$400 million lost during an island-wide power shortage in late July, according Taiwan's Central News Agency. Chen Li-jung, a spokeswoman for TSMC, Taiwan's biggest semiconductor firm, said the company's wafer fabrication plants were not damaged but remained at a standstill because of the blackout. A 20-hour power outage at TSMC could cut monthly sales by 5 percent, according to CMG's Greaton. ASE Test Ltd., the world's biggest semiconductor testing company, said it had no losses from the earthquake. In southern Kaohsiung, Taiwan's second-biggest city, where power was restored today, production at China Steel Corp. -- Taiwan's biggest steelmaker -- were off line because of at least one broken pipeline, spokesman James Tsao said. The firm's production loss was estimated at 2,000 tons of steel, or NT$9 million ($280,000), he said. China Steel said it planned to donate NT$20 million as well as sleeping bags to help quake victims.