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To: Johnny Canuck who wrote (34685)	10/8/2001 5:11:45 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68885

TSMC and UMC foundry revenues continue sequential growth in September Increases appear to support belief that slump has hit bottom Semiconductor Business News (10/08/01 09:37 a.m. EST) HSINCHU, Taiwan -- For the second month in a row, silicon foundry revenues grew sequentially in September at Taiwan Semiconductor Manufacturing Co. Ltd. and United Microelectronics Corp. The increase provides additional evidence of a modest rebound in the trouble foundry business, which has suffered its worst downturn ever this year. TSMC, the world's largest pure-play silicon foundry supplier, said its revenues in September increased 3.1% to NT$9.308 billion ($270 million) from NT$9.028 billion ($262 million) in August. The increase was TSMC's third sequential revenue growth in a row since June. For the third quarter, TSMC's revenues also grew 2.4% sequentially to NT$26.940 billion ($781 million) from sales totals in Q2, said a company spokeswoman today while releasing the September report. Meanwhile, UMC--the world's second largest pure-play foundry supplier--reported today that its revenues grew 7.2% in September to $4.182 billion ($121 million) from August's NT$3.901 billion ($113 million). The increase was UMC's second sequential monthly growth in a row. But both foundry giants are still struggling with sharply lower revenues from last year, and the two rivals have downgraded their 2001 forecasts. TSMC's September revenues were 43.2% lower than NT$16.396 billion ($475 million) in the same month last year. UMC's September revenues were 59.5% lower than NT$10.322 billion ($299 million) in September 2000. For the first nine months of 2001, TSMC's revenues were 17.5% lower that the same period last year--NT$92.758 billion vs. $112.406 billion--while UMC's total was 31% lower at NT$50.551 billion vs. $73.233 billion.