May 27, 2008- Bloomberg reports Taiwan Semiconductor Manufacturing Company (TSM) is likely to raise prices to counter higher costs. Jason Chen, vice president of worldwide sales marketing, said "Semiconductor companies are under profitability pressure" due in part to surging oil prices and Taiwan's appreciating currency. Chen didn't say when or by how much the company would raise prices.
Bulls like TSM's pricing power and should see the profitability pressures decline if oil prices decline. Sell-stops may be set below $10.50 support.
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