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

To: StanX Long who wrote (62408)	3/28/2002 12:30:24 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

TSMC to Invest NT$90 Billion in Advanced Chip Plants (Correct) By Iain Pocock 03/27 23:27 quote.bloomberg.com TSMC to Invest NT$90 Billion in Advanced Chip Plants (Correct) (Corrects investment amount in fourth paragraph.) Taipei, March 28 (Bloomberg) -- Taiwan Semiconductor Manufacturing Co., the largest maker of chips for other companies, said it will invest NT$90 billion ($2.6 billion) in advanced-chip plants on the island this year, raising by half its earlier target for capital spending. TSMC Chairman Morris Chang said he pledged that investment in the home market during a meeting this morning with Taiwan Premier Yu Shyi-kun, lending credence to reports that the Taiwan government will require TSMC and other chipmakers to invest more on the island in exchange for the right to invest in China for the first time. Yu said an announcement on chip investment in China is a day or two away. TSMC earlier said it would spend about $1.65 billion on capital projects this year. Chang disclosed a sixth plant to be constructed, in Hsinchu, adding to five plants in Tainan that the company has already announced. The