Wednesday, March 19, 2003
ProMos Technologies Inc. has cut its 2003 capital spending to half of what it was in the previous year, as demand for memory chips remains sluggish.
ProMos, one of Taiwan's largest DRAM manufacturers, said that it's planning to invest $100 million on capex this year, compared with $200 million spent a year earlier.
"Global DRAM supply has been reduced this year because of the weak economy, so the problem right now is whether demand will pick up," said Albert Lin, a board member of the Hsinchu-based chipmaker. "It seems that a recovery in demand won't come soon."
ProMos is planning to spend the $100 million earmarked for this year on expanding its 12-in. wafer capacity to 13,500 wafers per month by the end of year, Lin said. Currently, the capacity stands at 9,000 a month.
Separately, the company is holding a press conference in Taiwan tomorrow, which local sources said might have something to do with Infineon Technologies AG. Lin declined to comment on the speculation or give any details about the conference.
Last month, Infineon chief executive Ulrich Schumacher said that Infineon has set a March deadline for itself to work out a new deal with ProMos, a joint venture between the German chipmaker and Taiwan's Mosel Vitelic Inc.
By: DocMemory
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