News Videos
International Edition


May 30, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

TSMC refutes speculation on Renesas plant purchase

Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Morris Chang said yesterday his company has no plans to acquire a wafer plant from Renesas Electronics Corp. of Japan.

Chang said TSMC, the world's largest contract chip-maker, has built close business ties with Reneasa by supplying chips to the Japanese firm, which is the No. 1 microcontroller supplier in the world.

Chang said, however, that TSMC has no intention to buy a 12-inch wafer plant from the Japanese partner as reported in the media recently.

Renesas, which has been unprofitable since it was established in 2010, announced a restructuring plan earlier this week which included a reduction of about 5,000 workers, or 12 percent of its workforce, in a bid to turn around its bottom line.

Separately, the firm closed flat on its ex-dividend day yesterday, despite a more significant gain earlier in the session.

Ex-dividend is when a stock's price falls to reflect its dividends distribution. TSMC is set to distribute cash dividends of NT$3 per share this year. Monday, it closed at NT$84.2. Yesterday morning it opened at NT$81.2 and closed at the same price. Earlier in the session, though, it rose to as much as NT$82.1, translating into a near 30 percent "fill" of the price gap.

The TAIEX, meanwhile, rose a slight 4.23 points to 7,422.59. With TSMC's ex-dividend, a total of NT$77.7 billion in market value evaporated from the Taiwan Stock Exchange.

TSMC's closing price of NT$84.2 on Monday was the highest in six months. The firm will soon announce its sales figures for June, the second quarter, and the first half.

It is expected the firm will post sales of NT$126 billion in the second quarter, an historic high, based on record-high sales in April and May. The figure would be an increase of 20 percent compared to the first three months. TSMC's first-half figures are also expected to impress, based on various positive developments.

It is expected the company's 28-nanometer capacity will continue to run tight in the third quarter due to strong demand in the industry.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search