10.29.2001
To see 15% sequential revenue growth in 4Q01

• 3Q01 results were in line with expectations. Revenue came in at NT$27bn, up 2% QoQ. Net income reached NT$1.23bn, leading to EPS of NT$0.07. Firm anticipates a 15% sequential increase in revenue for 4Q01, due to high utilization on advanced geometries in the coming quarter. We believe TSMC will continue to benefit from its technology leadership and will outperform the sector. Thus, we maintain our rating and Core Holding recommendation.