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To: StanX Long who wrote (63397)	5/2/2002 11:50:42 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

TSMC's Chang sees global semiconductor industry up 5-12 pct in 2002 -- AFX - Asia, 5/3/2002 e-insite.net Taiwan Semiconductor Manufacturing Co Ltd chairman Morris Chang forecast 5-12 pct growth in the global semiconductor industry this year and a further 20 pct next year, the Commercial Times reported. The growth momentum will come from inventory adjustments, although such adjustments have yet to be completed by certain segments such as communications products, he was quoted as saying. Separately, Chang, who is chairman of both TSMC and Vanguard International, was quoted by the same paper as saying TSMC will not merge with Vanguard International Semiconductor Corp. al/jr For more information and to contact AFX: www.afxnews.com and www.afxpress.com