To: blankmind who wrote (38580 ) 3/9/1998 8:32:00 PM From: Van Vo Respond to of 61433
Found this on news.com: news.com --------------------------------------------------Taiwan Semicon sees sales spike By Reuters Special to CNET NEWS.COM March 9, 1998, 4:15 p.m. PT TAIPEI, Taiwan--Taiwan Semiconductor Manufacturing Company said its February sales rocketed an annual rate of 132.4 percent to T$5.284 billion ($163 million), reflecting its growing capacity. "The increase is mainly due to a sharp increase in our capacity compared to a year ago and because our business outlook his improved," the company said in a statement. Taiwan Semiconductor, the world's leader in made-to-order "foundry" chipmaking and Taiwan's leading semiconductor maker, gave no details about the expansion of its capacity. The company said in late February that its manufacturing capacity would increase 40 percent in 1998, the second year of a 10-year, T$400 billion capital expansion drive. The February sales total did not exceed the monthly record of T$5.45 billion, set a month earlier. It said January and February sales combined rose 123.3 percent year-on-year. The statement gave no detailed measure of what it described as its improved business outlook. Taiwan Semiconductor has said its production lines were fully booked for the first quarter, but that it was too early to say how the company would perform in the second quarter. The news comes amid a generally sluggish period in the chip industry, in which many companies have put off plans for expansion. In the microprocessor market, Intel recently preannounced its earnings would fall 10 percent below expectations, while rival Advanced Micro Devices expects similarly poor results. Memory market prices remain depressed; exacerbated by the Asian currency crisis, memory makers have put off the transition to 64-megabit chips. Story Copyright c 1998 Reuters Limited, All rights reserved.