Monday, December 30, 2002
Seeking to boost its position in the memory market, Taiwanese DRAM maker Nanya Technology Corp. plans to increase its capital expenditures by 40% to $400 million in 2003 over 2002, according to a report from SG Cowen Securities Corp. here today.
Nanya is gearing up to boost its capacity in order to produce double-data-rate (DDR) SDRAMs and other memory products. In November, German chipmaker Infineon Technologies AG and Nanya of Taoyuen, finalized a long-expected agreement to create a joint 300-mm DRAM venture in Taiwan. The two companies also said they have set aside Euro 1.1 billion (about $1.1 billion) to build a giant wafer fab in Taiwan to start production late 2003.
Nanya is also looking to boost market share in the DRAM market--and remain in the black. “The majority of the [DRAM] industry remains marred with losses,” according to SG Cowen. “Nanya is the only pure-play vendor to earn a profit.”
By: DocMemory
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