Morris Chang News
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Nova Measuring Instruments Ltd., the Israeli maker of process control systems, expects sales to jump from the second half as Asian chipmakers increase spending to meet smartphone demand in the region, according to the chief executive officer.
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Taiwan Semiconductor Manufacturing Co., the world’s largest contract maker of chips, forecast record quarterly sales and raised its spending plan amid rising smartphone demand. The stock surged the most since May 2009.
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Taiwan Semiconductor Manufacturing Co., the world’s largest contract producer of chips, projects that sales will rise at a percentage in the teens this year, Chief Executive Officer Morris Chang said.
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U.S. stocks rallied, sending the Standard & Poor’s 500 Index to its highest level ever, as China’s imports grew, Japan reiterated its stimulus plans and investors speculated earnings will beat estimates.
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Asian stocks rose, with the regional benchmark index poised for the biggest gain in seven months, as the yen neared 100 to the dollar after the Bank of Japan said it will maintain stimulus and loan growth in China topped estimates.
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Whether a consumer buys an Apple Inc. iPhone, a Samsung Electronics Co. Galaxy or a ZTE Corp. Grand, one company benefits -- Taiwan Semiconductor Manufacturing Co.
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Taiwan Semiconductor Manufacturing Co. Chairman and Chief Executive Officer Morris Chang said he may appoint more than one CEO after he relinquishes the post at the world’s largest custom-chip maker.
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Taiwan Semiconductor Manufacturing Co., the world’s largest contract producer of chips, forecast sales surpassing analysts’ estimates as demand for components used in phones and tablets continues to outstrip expectations.
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Taiwan Semiconductor Manufacturing Co. Chairman and Chief Executive Officer Morris Chang said his customers’ confidence in the global economy has weakened.
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The global semiconductor market will likely grow 5 percent next year, Taiwan Semiconductor Manufacturing Co. Chairman Morris Chang said.
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