Published on ShanghaiDaily.com (http://www.shanghaidaily.com/)

http://www.shanghaidaily.com/sp/article/2008/200806/20080628/article_364883.htm

Rating downgrade

Created: 2008-6-28

TAIWAN Semiconductor Manufacturing Co, the world's largest custom-chip maker, was downgraded to "neutral" from "buy" at Goldman Sachs Group Inc which cited slowing growth and stronger competition. "We expect TSMC's shares to perform in line with or below the Taiwan market" in the second half of 2008, a report said yesterday.

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