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Tool Order: TSMC purchases equipment from Novellus Systems
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Top foundry, TSMC has placed accumulated purchase orders since mid-April worth approximately US$18.6 million with Novellus Systems. Popular with other Taiwan-based IC manufacturers such as TSMC rival, UMC and memory manufacturer, Inotera, officially released purchase orders from TSMC to Novellus have been limited in 2011. Normal trade terms have been applied to the purchases, which include 90% of total payment within 30 days after shipment and the remaining 10% within 30 days after acceptance.