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To: DJBEINO who wrote (9175)2/13/2001 7:20:37 AM
From: DJBEINO  Respond to of 9582
 
Taiwan's United Micro May Alter Tainan Science Park Plans
TAIPEI (Dow Jones)--United Microelectronics Corp. (Q.UME) said Tuesday it may alter plans for 12-inch wafer plants in the Tainan Science-based Industrial Park.
Since the original decision to build five 12-inch wafer plants in the southern Taiwan science park, the chipmaker has decided to add two 12-inch wafer plants - in Japan and Singapore - and that could change existing plans, a spokesman said.

"It's possible that long-term plans to build five 12-inch wafer plants (in Tainan) could be affected, but it will not affect any ongoing projects," he said.

UMC has already finished construction of one 12-inch wafer plant in the Tainan park, with pilot production expected during the second half of 2001.

If the chip foundry decides to alter its original plan for the Tainan park, it may use some of the land it has purchased there for next generation technology plants, he added.

The comments follow a local media report Tuesday claiming the company is planning to scale back or delay its plants in Tainan.

At 0230 GMT (9:30 p.m. EST), UMC's stock was up 2.8% at NT$56.00 (US$1=NT$32.314) on volume of 23.9 million shares.



To: DJBEINO who wrote (9175)2/13/2001 7:21:02 AM
From: DJBEINO  Read Replies (1) | Respond to of 9582
 
CSMF.SI closed @5.650 +0.100 +1.80% 3,896,000
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Taiwan Govt, Lawmakers Agree To Restart Nuke Plant



To: DJBEINO who wrote (9175)2/14/2001 2:15:19 AM
From: DJBEINO  Read Replies (1) | Respond to of 9582
 
UMC (2303) closed @ 55.00 - 3.00 vol 66,554,546
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Feb 12 net purchase 8,828,000 shares
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TAIWAN WEIGHTED closed @ 5887.68 -139.81 (-2.32%)
Day's Range :5881.04 - 6097.29
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United Microelectronic fell 5.2 percent to NT$55. The world's No. 2 build-to-order chipmaker said after the market closed that it expects first quarter earnings to fall versus the last quarter of 2000. The company reported a NT$16.7 billion ($505 million) profit for the three months ended December, compared with a NT$14.6 billion third-quarter profit.

+++++++
Improving sentiment in Taiwan -- based on:

More high dividend share announcements/expectations:

-Resolution of Nuclear Plant issue with budget ensured through 2003

- KMT and China leadership meetings multiplying

- More Fed cut(s) and dead inflation
+++++++++BUY high dividend IC shares for ex-dividend rallies during 1Q01. Macronix (2337 TT) expects to pay NT$3.5 to NT$4 stock dividend this year. Now that high-dividend plays have gained in popularity in the Taiwan stock market, IC shares like VIA (2388 TT), which expects to pay NT$7 stock dividend, Realtek (2379), which expects pay NT$4.5 to NT$5 stock dividend, TSMC (2330 TT), which expects pay NT$4 to NT$4.5 stock dividend, UMC (2303 TT), which expects to pay NT$3.5 to NT$4 stock dividend and Macronix are attracting more attention from investors during 1Q01.

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NEC Corp., the world's third- largest chipmaker, said it will cut spending at its semiconductor business by as much as 20 percent next fiscal year