SOURCE: World Street Fundamentals

May 18, 2011 09:00 ET

2011 Holds Varied Opinions, But Consensus on Growth - Equity Research on United Microelectronics and Taiwan Semiconductor

HONG KONG--(Marketwire - May 18, 2011) - Today, www.WorldStreetFundamentals.com released its industry report highlighting United Microelectronics Corp. (NYSE: UMC) (TWSE: 2303) and Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) (TWSE: 2330). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.

Street and industry expectations within semiconductors for the year ahead remain diverse. SIA's projection of around 6% growth this year was similar to estimates put forward by iSuppli (5.1%), Gartner (4.6%) and VLSI (4.4%) -- while others, such as IDC's expectation of 9% growth and IC Insights anticipation of 10% growth for 2011. Despite differences however, there is a clear case for growth in 2011. Major players have shifted routine production to low-cost geographic areas, driving the development of the Asian market and becoming the focus of investor interest.

World Street Fundamentals has highlighted United Microelectronics because of its engagement in the manufacture of semiconductor products. The Company operates its businesses primarily through wafer production services. It provides the customer-tailored design, testing and production of silicon intellectual property (IP) products, embedded integrated circuits (ICs), masks and wafers. The Company offers complementary metal-oxide semiconductor (CMOS) logics, mixed signals, radio frequency (RF) CMOS, embedded memory products, high voltage and CMOS image sensors. The entire report on United Microelectronics Corp. (NYSE: UMC) (TWSE: 2303) is available here: www.WorldStreetFundamentals.com/ViewFullReport.245.php.

World Street has highlighted Taiwan Semiconductor for its position as a Taiwan-based company principally engaged in the research, development, manufacture and distribution of integrated circuit (IC) related products. The Company operates its businesses through wafer manufacture, mask production, wafer testing and packaging components. The Company also involves in the provision of production management, customer services and design services. Its products and services are applied in the manufacture of personal computers and peripheral products, information related products, wire and wireless communication systems, automobile and industrial equipment, as well as consumer electronic products, such as digital disk players, digital televisions (TVs), game consoles, as well as digital cameras, among others. The entire report on Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) (TWSE: 2330) is available here: www.WorldStreetFundamentals.com/ViewFullReport.138.php.

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