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Technology Stocks : Taiwan Semiconductor (NYSE: TSM) -- Ignore unavailable to you. Want to Upgrade?

To: tom who wrote (503)	5/27/1999 10:01:00 PM
From: Allen champ	Read Replies (1) \| Respond to of 684

From The Register Posted 27/05/99 5:17pm by Mike Magee Taiwan evades US sanctions Taiwanese chip company Vanguard, reeling from a US decision earlier this week which imposed swingeing sanctions, has come up with a cunning plan to avoid further Micron suits. But, in the process, the European Union could be hit by the US trade department. According to sources close to Vanguard Taipei, the company will ship its production to Europe, to avoid the American tariffs. This could lead to a reprise of the so-called Banana War. The European Union and the USA are currently disputing beef tariffs. Three weeks ago, the EU disappointed Caribbean states, including Jamaica and Trinidad, by bowing down to US dictats. ®

To: tom who wrote (503)	6/2/1999 4:34:00 AM
From: tom	Respond to of 684

TAIPEI, June 2 (Reuters) - Taiwan Semiconductor Manufacturing Co confirmed on Wednesday it was in talks with Acer Inc <2306.TW> about buying a stake in memory-chip maker Acer Semiconductor Manufacturing. A Taiwan Semicon executive declined to confirm or deny media reports that the blue chip giant wanted a 30 percent stake in the Acer unit, which was a Texas Instruments <TXN.N> joint venture called TI-Acer until Acer bought TI's stake in 1998. "We are indeed in talks with Acer about cooperating in manufacturing capacity as well as buying a certain stake in Acer Semiconductor," the executive said. "We have yet to make any final decisions." Taiwan Semiconductor had said in May that it was fast approaching full capacity and was in talks with a number of competitors, including Acer Semiconductor, about accessing their production capacity to keep pace with demand. At that time, Taiwan Semicon denied that it was seeking an equity stake in the Acer unit, which has made losses in recent years but is forecasting a T$1 billion profit for 1999. Analysts said the merger would benefit both sides, enabling Taiwan Semiconductor to meet growing demand and providing a powerful strategic partner for Acer, Taiwan's leading computer maker. "This is a win-win move for both," said Alex Chen, Greater China research chief at Masterlink Investment Advisory. "Taiwan Semiconductor will have a way to cope with rising demand for its products. Acer can find a suitable partner to marry its daughter," Chen said. At 0300 GMT, with an hour of trading to go, Taiwan Semicon stock was up T$3.5 at T$120, just below its 1999 high of T$123, while Acer was up T$3 at T$53, also near its year-high of T$55.