Wednesday, June 9, 2004
Taiwan Semiconductor Manufacturing Co. (TSMC) announced that their net sales in May reached a record high of NT$21.72 billions, representing 29.2 percent increased the same period of last year. Not far behind is United Microelectronics Corp. announced their May’s revenue hit NT$ 9.6 billion.
From January to May, TSMC totaled revenues raked NT$ 99.863 billions, an increase of 39.9 percent over same period of 2003. Lora Ho, TSMC’s vice president and chief financial officer noted that the company’s wafer shipments in May grew over April 2004 due to increased market demand. TSMC is expecting their June revenues to reach NT$22 billion while UMC said they are going to generate NT$ 10 billions.
Meanwhile, UMC has acquired capacity from Chinese chipmaker He Jiang Technology in addition to capacity from reinvested 12-inch fab in Singapore and capacities from acquired facilities from the former integrated device manufacturer Silicon Integrated Systems (SiS) Inc. He Jiang was established by a former UMC executive and equipped with UMC's older machines, which have an output capacity of 60,000 eight-inch wafers a month by the end of this year.
Separately, TSMC had its corporate credit rating and unsecured corporate bond issue rating upgraded to "twAAA" from "twAA+" by the Taiwan Ratings Corp. (TRC), the local arm of Standard & Poor's. From other statement, TRC gave UMC’s corporate credit ratings have been raised to "twAA" from "twAA-" and the outlook remains stable.
By: DocMemory
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