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TSMC Chairman Expects 2012 Revenue To Grow More Than 6%-7%

HSINCHU, Taiwan -(Dow Jones)- Made-to-order chip maker Taiwan Semiconductor Manufacturing Co. (TSM) expects its revenue growth for next year to beat the estimated 6%-7% growth for the global non-memory semiconductor industry, Chairman Morris Chang said Friday. Chang said that while the global economy would likely grow "very slowly" in 2012, revenue in the semiconductor sector has always outpaced the expansion of the world economy. He didn't elaborate. TSMC, considered a technology bellwether for its diversified client base that includes Qualcomm Inc. and Nvidia Corp., has reduced its capital spending budget twice this year because of deteriorating market conditions. -By Lorraine Luk, Dow Jones Newswires; 8862-25022557; lorraine.luk@dowjones.com

Stock News for Taiwan Semicond (TSM)
DateTimeHeadline
11/26/201407:33:23Samsung to Buy Back $2 Billion Worth of Shares -- Update
11/26/201404:21:56Samsung to Buy Back Shares
11/26/201403:12:46Samsung to Buy Back $2 Billion Worth of Shares
10/24/201402:40:12TSMC to Make LG's Smartphone Microprocessor
10/13/201417:26:51ADR Shares End Mixed; Luxottica Shares Trade Actively
07/17/201406:17:43ASIA MARKETS: Australian Stocks Reach Six-year High
07/17/201402:29:09ASIA MARKETS: Asian Stocks Rise; Australia Hits Six-year High
06/23/201407:52:06Taiwan Industrial Output Jumps to Record High -- Update
06/23/201405:32:16Taiwan Industrial Output Jumps to Record High
05/27/201416:00:23Intel-Rockchip Deal Aimed at Android Tablets -- Update
05/15/201417:10:12Point72 Bets on BlackBerry and Booz Allen
05/15/201416:54:14Point72, Formerly SAC Capital, Bets on BlackBerry and Booz Allen
03/12/201417:16:01ADR Shares End Mixed; Infosys Shares Active
01/16/201416:57:29ADR Shares End Mixed; Amarin, Posco Shares Active
11/15/201309:01:37HBK Investments LP 3Q 13F: Largest Eliminations
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Eliminations -2-
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Sales
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Purchases
11/15/201308:53:19D. E. Shaw & Co. LP 3Q 13F: Largest Eliminations
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Eliminations -2-

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