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$10.14 0.22 (2.22%)
7/23/2008 4:00 PM

Taiwan Semiconductor Manufacturing Co. Ltd. (ADR (TSM)

CAPS Rating:
*****

The Company manufactures semiconductors using its advanced manufacturing processes for the customers based on its own or third parties' proprietary integrated circuit designs.

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Avatar trueblue27609 (< 20) Submitted: 8/26/06 1:12 PM : Outperform Start Price: $8.13 TSM Score: 25.91

Very recently the Chinese Government permitted TSM to make a direct shipment to the Mainland of China, bypassing the previously existing 50 year prohibition of direct shipments. For the last 50 years, all products shipped from Taiwan first had to come into the mainland via Hong Kong. They are planning 4 more such shipments this year. Without knowing exact figures, there is no doubt that this will affect the bottom line significantly by lowering shipping costs considerably.

trueblue

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