Thursday, May 22, 2003
The cases of SARS in China and Hong Kong are slowing down, few overseas projects reported by local news magazine said the Taiwan Semiconductor Manufacturing Co (TSMC) wafer fab in China also slow down due to spread of SARS and weak semiconductor demand in China, citing Huang Ching Tan, executive secretary of the Ministry of Economic Affairs' Investment Commission.
However, TSMC denied the report, saying the company is on schedule to provide information to the government on its plans. The Investment Commission approved TSMC's investment plan to build the nation's first semiconductor plant in China last February 26.
TSMC still needs to file a second round of applications to the government to move in equipment and ramp up capacity. TSMC’s first-phase investment, allowing the company to start building its planned US$898 million, 200-mm wafer fab in Shanghai's Songjiang Industrial Zone. TSMC chairman Morris Chang said in January he expects the plant to start production by the fourth quarter next year at the earliest, but he is now less than fully convinced about the hopes for the foundry business in China.
By: DocMemory
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