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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (2704)	8/29/2002 12:22:19 AM
From: Gottfried	Read Replies (1) \| Respond to of 25522

Bob, >The winner is the one with the most shares at the lowest price!!gg< If he sells right. G.

To: robert b furman who wrote (2704)	8/29/2002 8:18:24 AM
From: Proud_Infidel	Respond to of 25522

Taiwan Semiconductor Signs Letter of Intent for Chip Plant in China Thursday August 29, 12:39 am ET Dow Jones Newswires TAIPEI, Taiwan -- Taiwan Semiconductor Manufacturing Co. said Thursday it has signed a letter of intent with Shanghai's Songjiang district to build a production plant. TSMC, the world's largest chip foundry, said the letter of intent was signed on condition the investment receives Taiwan government approval and will go forward based on whether the company's business needs require the plant. The statement to the Taiwan Stock Exchange didn't specify when the letter of intent was signed and didn't name TSMC's counterpart. An official contacted at the foundry declined to elaborate. TSMC said both sides have agreed to keep the contents of the letter confidential. The foundry added that it hasn't submitted an application for a China chip investment to the Taiwan government yet, and until it does so, there won't be any fund transfers to the planned China investment. Taiwan earlier this year lifted the ban on its semiconductor companies investing in less advanced eight-inch wafer fabrication plants in China, but set conditions on any investments. The conditions relate to technology level, method of investment and production operations. So far, no domestic chip company has submitted an application to the Taiwan government. In the local-language Commercial Times newspaper Thursday, Tsai Lien-sheng, executive secretary at Taiwan's Ministry of Economic Affairs' Investment Commission, which handles applications and approvals for China projects, said a chip company making preparations to establish a factory site in China that hasn't been approved by the government isn't breaking the law. But he said no fund remittances can be involved at this stage, according to the report.