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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56253)	11/26/2001 3:55:07 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

hold me back, the orders are about to be keyed in 11/26 03:15 TSMC Raises Pretax Profit Forecast to $272 Million (Update2) By Brett Cole quote.bloomberg.com Taipei, Nov. 26 (Bloomberg) -- Taiwan Semiconductor Manufacturing Co. raised its pretax profit forecast for the full year by more than half on a surge in orders that investors said was linked to sales of Microsoft Corp.'s Xbox video-game console. The biggest maker of chips for other companies raised its pretax profit estimate to NT$9.4 billion ($272 million) from a September forecast of NT$6.04 billion. J.H. Tzeng, TSMC's spokesman, declined to give a reason for the surge in orders. TSMC benefited from an increase in orders from Nvidia Corp., which supplies graphics chips to the two-week old Xbox that targets sales of as many as 1.5 million consoles in North America by the end of the holiday season. Nvidia, ATI Technologies Inc. and other chipmakers are farming out production to TSMC to trim costs as chip demand contracts. ``Everyone wants to see if TSMC's revenue growth momentum carries into the first quarter,'' said Lloyd Tsai, who manages NT$2.7 billion ($78 million) in Taiwan stocks at Invesco Taiwan Ltd. ``If it does, everyone will think the semiconductor industry has really come back.'' The global chip market will shrink by about a third this year to $117 billion, according to analysts. TSMC will probably boost its 2001 net income forecast from NT$11 billion, company spokesman Tzeng said.