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CSM down in Nasdaq now like its SGX listing today ....
Yalot, Singaporegal .... Due to TSMC & UMC lower earnings out this week.
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TAIPEI, Jan 10 (Reuters) - TSMC, the world's top contract chip maker, posted an 18.4 percent fall in December sales on Wednesday, hurt by clients' unwanted stockpiles, but a recovery looms as a new crop of electronics devices hit store shelves.
An industry downturn that began in mid-2006 on softer demand for computers and some consumer gadgets is likely to come to an end early this year, said some analysts, who have high hopes for Vista-driven demand for PCs and new cellphones and game consoles.
Sales at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) came to T$22.376 billion ($690 million) last month, compared with T$27.416 billion in the same month a year earlier, the company said, without giving an explanation.
That was also lower than November's T$24.709 billion after the Christmas buying spree came to an end.
The fall was larger than for its smaller local competitor, United Microelectronics Corp. (UMC) which saw an annual 7.2 percent fall in December sales on Tuesday.
TSMC's fourth-quarter sales totalled T$73.935 billion, according to Reuters calculations, falling short of its own forecast of between T$74 billion and T$76 billion made in October.
TSMC announced the sales result as the Taipei stock market closed on Wednesday. TSMC shares fell 2.73 percent to T$64.20 and UMC shares were off 2.27 percent at T$19.35, underperforming the main TAIEX's <.TWII> 1.17 percent drop.
TSMC and UMC together take about two-thirds of global market share, counting the world's top cellphone chip supplier Texas Instruments Inc. as one of major clients.
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further dip also could be the poor market sentiment today.
Chartered doesn't look good... it crossed the lower bollinger band and Acc/Dist and Chaikin all heading south.
CSM really playing see saw and dipped just 0.01 today. Let's see how its Nasdaq list does tonite .... Me still vested in this counter, Tanglinboy. Going to let go soon (maybe before CNY) and catch it again sometime Q3 period.
Let's see what the 2 big players (TSMC & UMC) going to report this week in Taiwan.
Chartered is top 3 pick by CIMB in terms of potential upside for year 2007.
Number 1 is Delong, Number 2 is Innovalues....
How interesting ...
Hey billywows,
You still keeping track of this counter? I thought you said that you're damn dissappointed with it?
You still keeping track of this counter? I thought you said that you're damn dissappointed with it?
Trend uncertain... be cautious
big market correction??!? what's the basis for this?
only recently there was a chip upgrade by some US fund...
only recently there was a chip upgrade by some US fund...
IN TAIWAN
Taiwan shares will likely trade in a narrow range as investors await reports from three market heavyweights -- TSMC, UMC and Cathay Financial.
Tuesday - United Microelectronics Dec sales
Wednesday - Taiwan Semiconductor Manufacturing Co. Dec sales
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I think the AMD tie-up has never chionged CSM price as much it should have, Forrest. So the impact should not be great should AMD forsakes CSM.
CSM still has other big clients for biz like MSFT & etc ..... If Taiwan has a huge earthquake (touch- wood, though) and factories of TSM and UMC are totally destroyed, CSM will be #1 contract chip manufacturer in the world! (Dream on .... :P)
I may sell my CSM shares by next month before CNY as really getting tired with it liao. And also cos the expected big market correction is coming soon. Then I will buy in again cos CSM will be stronger by 2008 due to its IBM 45nm chip collaboration.
read somewhere that 2nd half of the year, AMD's own 300mm. fab will be completed and up and running...this means bad news for chartered.
CSM dipped 2.49% in Nasdaq last nite ... But its after-hours trading is up 2.67% after US market closed! So, will we see CSM play see-saw on Monday? I am really clueless and tired of this counter liao ..... Trade with care ya!
Interesting acknowledgement of CSM by "The Fool.com" below .....
http://www.fool.com/investing/general/2007/01/03/another-reason-to-ignore-amd-and-intel.aspx?source=eptyholnk303100&logvisit=y&npu=y
I always believe in getting out of a stock quickly if it doesn't meet expectations.
like billywows, i'm also vested at 1.00...getting tired of this counter. if 2nd half proved to be a non-event again- as happened many times to our disappointment, i will dispense of this counter.
January 2, 2007, 12.23 pm (Singapore time)
TSMC plans five new 12-inch wafer plants
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TAIPEI - TSMC plans to build five new 12-inch wafer plants on the island in the next few years, a local newspaper said on Tuesday, after a government move to allow companies to make chips using more advanced technology in China.
On the plants' completion, Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's top contract chip maker, would have a total of seven 12-inch factories in Taiwan, the Economic Daily News quoted unidentified officials at the economics ministry as saying.
A chip plant costs about US$2 billion to US$3 billion. While TSMC and other contract chip makers are suffering from high inventories caused by slower than expected demand for personal computers and some consumer products, analysts say the foundry industry might hit bottom early this year. Officials at the economics ministry and TSMC were not available for comment.
In 2009, there will be a total of 18 12-inch wafer factories in Taiwan, including new fabs built by memory chip makers, the Chinese-language newspaper said. --
Maybe Dr Pepper is no. 3 in the Cola wars?
just a wild guess.
TSMC is #1, UMC is #2, CSM is #3 ....
Just two months back, I had cheered that Year 2007 will be a TECH rally. But I am not so sure now with the electronic slowdown and softer US economy ... That's why I have stopped 'touting' CSM these days if you have not noticed. HeeHee!
Still vested at 1.00 and maybe looking to cash out 'soon'. Its Xbox360 and AMD tie-ups have not chionged CSM as much as I thought they should have. So, my mid-2006's take that CSM will touch 2.00 by year end is way off-target & wrong.
Real disappointed with the 70% capacity now! A 80% capacity should boost its price above 1.50 - I guess. But, if they want to invest in a new Fab 8 plant next year, it will be a blow to its share price ...
My take is after reading into the chip industry: H1 2007 will be flat or downside, but H2 2007 will be an upside! With Vista in full swing and its collaboration with IBM, Samsung & Infineon for a common platform for 45nm chips.
http://www.thestreet.com/_yahoo/newsanalysis/techsemis/10306315.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Trade with care with CSM as it's speculative, but somehow still spectacular!
I don't really follow the wafer fab industry.... who's the number 1 competitor for Chartered now?
In this highly competitive world, number 1 and number 2 takes up the majority of market share. No one even knows who's number 3.
For example, we all know Coca Cola and Pepsi are number 1 and number 2. Who's number 3?
In this highly competitive world, number 1 and number 2 takes up the majority of market share. No one even knows who's number 3.
For example, we all know Coca Cola and Pepsi are number 1 and number 2. Who's number 3?