TSMC upbeat on semiconductor industry; plans 2006 capex of US$2.5-2.7 billion

Encouraged by moderate signs of rebound in the semiconductor industry, Taiwan Semiconductor Manufacturing Company (TSMC) plans to raise its capital expenditure (capex) for 2006 slightly above last year's US$2.5-2.7 billion, stated company CIO Steve Tso at a technology forum held yesterday in Taiwan.

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