Nanya Technology cuts capital spending

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

Taipei Times
Date: Oct 13, 2020
By: Lisa Wang / Staff reporter

Photo: Lisa Wang, Taipei Times

DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said it would hold on to 30 percent of its overall capital expenditures earmarked for this year to use next year, given slackening market demand.

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.”
[FULL  STORY]

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