06.27.2001
Possible sequential quarterly sales increase

• Development: TSMC’s June revenue may see a slight up-tick to NT$9bn from May’s NT$8.5bn, according to a local press report.

• Analysis: The up-tick reflects a 5% MoM increase, and a QoQ decline of 32% for 2Q01.

• Primasia View: We remain cautious on the foundry sector’s 3Q01 outlook as UMC has warned of ongoing difficulty. UMC pre-announced a 35% sequential revenue decline in 2Q01 and a likely worse 3Q01 last week.

Lindaliu@Primasia.com +886-[0]2-2547-8867