Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: StanX Long who wrote (60863)	2/22/2002 12:26:09 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

TSMC Mum on Report of Philips-STMicro Chip Project (Update1) By Alan Patterson 02/21 23:59 quote.bloomberg.com Taipei, Feb. 22 (Bloomberg) -- Taiwan Semiconductor Manufacturing Co. declined to confirm a report that it will join Royal Philips Electronics NV and STMicroelectronics NV in a chip project, saying only that the two European companies are scheduled to make an announcement in the next two weeks. ``They didn't indicate an agenda,'' TSMC spokeswoman Guo Shan- Shan said of the announcement. She declined further comment. Philips, which owns about a fifth of TSMC and is Europe's third-largest chipmaker, will announce on March 5 a project with TSMC and STMicro to reduce the size of chips, Dow Jones Newswires reported, citing people familiar with the deal. TSMC Chairman Morris Chang told Bloomberg News earlier this month that the largest maker of chips for other companies is in talks with more than ``one or two'' chipmakers on the possibility of investing in new plants that make cost-saving 300-millimeter- diameter silicon wafers. An industry slump that has drove global sales down by a third to a record $139 billion last year has companies scrambling to cut costs and form business tie-ups.