SAVING FOR LATER: The firm said that it expects the supply-demand situation to stabilize in the first half of next year, which would help memorychip prices rebound
Date: Oct 13, 2020
By: Lisa Wang / Staff reporter
That would reduce the company’s spending on new facilities and equipment to about NT$10.7 billion (US$370.13 million) this year, instead of the NT$15.7 billion budgeted.
The move is in line with its bigger competitors’ conservative outlook about the memory industry.
“That is primarily because of the overall [changes] in market situation,” Nanya Technology president Lee Pei-ing (李培瑛) told a media briefing at the company’s headquarters in New Taipei City’s Taishan District (泰山). “We have a conservative view of capital expenditures.”