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

To: Proud_Infidel who wrote (15228)	6/9/2005 8:48:06 AM
From: Proud_Infidel	Respond to of 25522

TSMC Is Optimistic for the Full Year Thursday June 9, 8:36 am ET Contract Chipmaker TSMC Is Optimistic for Full Year Despite Dip in May Revenue TAIPEI, Taiwan (AP) -- The world's biggest contract chipmaker, Taiwan Semiconductor Manufacturing Co., said Thursday its May revenue fell 10 percent from the same month last year, but that it was optimistic about results for the rest of the year. The company supplies chips to several of the biggest firms in the global high-tech sector, including Texas Instruments Inc. and graphics chip developer Nvidia Corp. The chips are used in products like desktop and laptop computers, mobile phones and digital cameras. May revenue fell to 19.51 billion New Taiwan dollars ($624.19 million) from 21.72 billion New Taiwan dollars in the same month last year, the company said. TSMC said its January-May revenue dropped 5.8 percent to 94.06 billion New Taiwan dollars ($3 billion) from 99.86 billion New Taiwan dollars for the same period last year. However, company officials said the May results were better than the figures reported for April. The improvement was attributable to higher wafer shipments, said Lora Ho, TSMC's chief financial officer. Wafers are the material from which chips are cut. The company also raised its second-quarter projections "due to demand recovery from our customers," Ho said. The company said it expects low double-digit growth in its chip shipments -- probably 11 percent to 13 percent -- in the second quarter, compared to this year's first quarter. TSMC's smaller rival United Microelectronics Corp. Tuesday said its May revenue fell to 6.47 billion New Taiwan dollars ($207.04 million) from 9.65 billion New Taiwan dollars a year earlier. UMC's May revenue also marked a modest rise from April's 6.37 billion New Taiwan dollars, the company said.