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

To: Czechsinthemail who wrote (7326)	4/25/2000 1:49:00 AM
From: DJBEINO	Respond to of 9582

UMC closed @ 98.00 + 5.00 vol 63,367,435 2nd most active +++++++++++++++++++ TAIWAN WEIGHTED closed @8921.12 +113.03 (+1.28%) ++++++++++++++++++ Taiwan Semicon Mfg 1Q Net NT$10.09B Vs NT$4.09B TAIPEI (Dow Jones)--Taiwan Semiconductor Manufacturing Co. (TSM), the world's largest dedicated chip foundry, said Tuesday its first-quarter net profit rose to NT$10.09 billion ($1=NT$30.597), or NT$1.32 per share, up 147% from NT$4.09 billion, or NT$0.54 per share, in the year earlier period. The company's performance is based on increased shipments amid continued recovery in the global semiconductor industry a TSMC official said. Shipments of eight-inch wafers hit a quarterly record of 642,000 units, the official added. Earlier this month, TSMC Chairman Morris Chang said he expects both sales and profit to double in 2000. TSMC posted a net profit of NT$24.56 billion in 1999 on sales of NT$73.13 billion, representing year-on-year growth of 60% and 46%, respectively. Chang said TSMC has a capacity this year for some 3.4 million wafers. This 95% capacity increase follows the company's recent acquisitions of Worldwide Semiconductor Manufacturing and TSMC-Acer Semiconductor Manufacturing Corp. TSMC shares closed NT$7 higher at NT$187 Tuesday in anticipation of the stronger earnings, which were reported after the market closed.