Wed, Apr 27, 2005 - Page 10 News List

TSMC's Chang sees recovery in Q3

SEMICONDUCTORS The industry should bottom out this quarter and begin to rebound in the third quarter, TSMC's chair said while reporting first quarter results

By Amber Chung  /  STAFF REPORTER

Despite excess cash of over US$2 billion, the chipmaker said it has no plans to buy back its own stock.

The best way to utilize the cash is to reward shareholders through cash dividends, the company said.

TSMC may issue cash dividends of over NT$2 per share over the next two years, Chang said.

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