Thursday, January 2, 2003
Nanya Technology Corp. has decided to adjust its financial predictions for this year to NT$30.3 billion from NT$32.58 billion a month earlier. Its after-tax profit is also revised from NT$4.51 billion to only NT$2.52 billion, for earnings per share (EPS) of about NT$0.91. The company estimated its revenue would reach about NT$2.8 billion this month.
Nanya will reduce half of its capital expenditures from NT$ 27.4 billion to NT$ 13.7 billion this year. Nanya’s vice president, Moor H.M. Chen said the reduction of capital expenditures due to their 12-inch joint venture contribution with Infineon Technologies. Nanya plans to spend NT$10.7 billion to upgrade a portion of its processes to 0.11-micron technology mid-year next year, said Chen. The remaining NT$3 billion will go to 12-inch joint venture.
Separately, Nikkei Electronics Asia released a report that DRAMs will be in significant oversupply before the end of 2003. The reason is there is seven 300-mm wafer fabrication facilities will run full production this year. One 300-mm foundry for Elpida Memory, Infineon Technologies, Micron, PowerChip Semiconductor and ProMOS Technologies. While Samsung will operating with two 300mm foundries.
By: DocMemory
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