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To: DJBEINO who wrote (9424)	7/30/2001 2:44:40 AM
From: DJBEINO	Respond to of 9582

Taiwan Stock, Forex Mkts Closed Monday Due To Typhoon TAIPEI (Dow Jones)--Taiwan's stock markets and foreign exchange market will be closed Monday due to Typhoon Toraji. The center of the storm is expected to sweep near the capital, Taipei, early Monday afternoon before heading to southern China, according to forecasters. +++++++++== J.H. Tzeng, spokesman for Taiwan Semiconductor Manufacturing Co., said the operations at the world's largest made-to-order chipmaker, located in the Hsinchu Science Park south of Taipei, were operating as usual. United Microelectronics Co., TSMC's biggest rival, is also operating normally, company spokesman Alex Hinnawi said. +++++++++++++++++ Typhoon Toraji Hits Taiwan; 6 Killed In Landslide TAIPEI (AP)--Typhoon Toraji swept into Taiwan Monday, triggering landslides that killed six people, shutting down the capital and threatening the island's main high-tech industrial park. The storm first hit land during the night near the east-central county of Hualien, about 160 kilometers south of the capital, Taipei. Forecasters predicted the typhoon would continue whirling through northern Taiwan before heading for southern China. Heavy rains caused a landslide that buried a home in mountainous Hualien County, killing six people, said emergency official Cheng Chin-feng. Mudslides were reported in other areas of central Taiwan, but officials were trying to confirm reports of missing people. Normally congested streets in the capital, Taipei, were eerily empty during morning rush hour as most schools and government offices - including the stock market - were closed because of the storm. Toraji - named after a popular flower in North Korea - was supposed to pass near Taipei late Monday morning or early afternoon. Taiwan's most famous high-tech industrial park, Hsinchu, was in the path of the storm. If the typhoon caused power outages in the park - the island's version of Silicon Valley - production could be halted at many of the world's biggest computer chipmakers, causing expensive delays. Packing winds of up to 184 kph, the storm was moving northwest at 17 kph, said the Joint Typhoon Warning Center in Pearl Harbor, Hawaii. Cable news reports showed flood waters the color of coffee flowing down the narrow streets of Nantou in central Taiwan. The reports also showed palm trees that were ripped out of the ground by high winds. Flights and trains were canceled between Taipei and cities in central and southeastern Taiwan. Fishing boats from China were taking refuge in Taiwanese ports. Toraji follows five other tropical storms that have hit Taiwan this year

To: DJBEINO who wrote (9424)	7/30/2001 2:52:40 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Hynix Will Idle Some Workers At South Korean Factory An Asian Wall Street Journal Roundup SEOUL -- Hynix Semiconductor Inc. said it placed some of its workers at its main South Korean factory on mandatory leave from today through Saturday, in a move to cut semiconductor output amid a global industry slowdown. Hynix declined to say how many workers will be placed on leave. But operations at three out of its five production lines at the Ichon factory will be suspended during the period, said the world's third-largest semiconductor maker. The three suspended production lines produce 16-megabit dynamic random access memory, or DRAM, chips, S-RAM and flash-memory chips, Hynix said. But the factory's remaining production lines will continue to produce Hynix's main products - 64-megabit, 128-megabit and 256-megabit DRAM chips. Hynix played down the suspension, saying it will cut less than 1% of Hynix's monthly semiconductor output. Hynix said it won't ask its workers at its other two Korean factories to go on mandatory leave this summer. This month, Hynix suspended its U.S. production base in Eugene, Oregon, for six months in order to slash DRAM output by 16%. The production halt "temporarily" laid off 600 employees in Eugene. Hynix, formerly known as Hyundai Electronics Industries, is suffering from massive debt, falling chip prices and a global supply glut. The company has to pay about 1.4 trillion won ($1.08 billion) of its debt during the second half of this year, and is seeking nearly $1 billion in refinancing. Separately Friday, Korea First Bank said it would be willing to consider more loans for Hynix if the chip maker were to put in a request. Hynix has yet to ask for more loans from Korea First Bank, which is owned by U.S. investment fund Newbridge Capital. The bank already has lent the company about 270 billio