10.26.2001
Commits to six new 300mm fabs in Taiwan
TSMC (2330) NT$62.50
Outperform
TSMC has announced plans to spend NT$70bn to set up six 300mm fabs in
Taiwan over next 10~15 years. Firm's statement suggests confidence in secular industry
growth and the company's recent progress in 300mm technology. We reiterate our
recommendation as firm’s prospects are bright.
