Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (75221)	3/3/1999 12:20:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 186894

Taiwan Semiconductor sees 20 pct rise in '99 sales TAIPEI, March 3 (Reuters) - Taiwan's leading microchip maker, Taiwan Semiconductor Manufacturing Corp , said on Wednesday it expects sales to jump 20 percent in 1999 due to a gradual recovery in the global semiconductor industry. ''Since global wafer foundry production value is expected to grow 20 percent this year, Taiwan Semiconductor should be able to see a 20 percent increase in sales this year,'' chairman Morris Chang was quoted as saying by the firm's spokesman. Taiwan Semiconductor's 1998 sales stood at T$50.2 billion, and a 20 percent rise would mean more than T$60 billion. Chang said semiconductor industry had recovered and dynamic random access memory chips should have the biggest growth of all microchip products. (Note: this article is ''in progress''; there will likely be an update soon.)