Tuesday, April 27, 2004
Morris Chang, the chairman of Taiwan Semiconductor Manufacturing Co (TSMC) said it's on schedule to start up its first plant in China this year, during a interview. "We've done all the preparatory work, and we should be ready to start before the end of the year," Chang said in an interview with Bloomberg at the annual Boao Forum for Asia conference on Hainan island.
Last week, the Ministry of Economic Affairs said TSMC has met all conditions required for government approval to start production at the US$898 million wafer plant in Shanghai's Songjiang Science Park. TSMC would be the first Taiwanese chipmaker to win approval for a factory in China and presently waiting for final approval.
Also, TSMC has asked the U.S. government for permission to transfer old chip-making equipment from Taiwan to its plant in China. TSMC need a permission from the U.S. government to re-export U.S.-made equipment to China because of the so-called Wasserman Agreement, signed by a group of western nations including the U.S. after World War II, restricts exports of technology with military applications to China and other communist countries.
Moreover, the first quarterly revenues of the eight leading wafer makers totaled NT$126 billion, with a net after-tax profit of NT$29 billion. These figures are almost equivalent to those reported by Taiwan's five flat-panel display makers. Last year, the annual revenues of the eight IC companies totaled NT$50 billion or so, compared to the NT$30 billion of the first quarter.
By: DocMemory
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