United Business Media EE Times


Search

HOMEMARKET INTELLIGENCE UNITFORUMSDESIGNNEW PRODUCTSCAREERSBLOGSCONTACTEVENTSSIGN UP!RSSMost Popular contentTrusted Sources

 

Hynix may sharply hike capital spending in 2002
Print this article Email this article Reprints RSS Digital Edition

EBN


Hynix Semiconductor Inc. said it may raise its capital spending six-fold in 2002 to $935 million, while another report has Samsung Electronics Co. cutting its capex next year 33% to $2.3 billion.

A Hynix spokeswoman said the creditors committee in Korea "has formulated the $935 million capital investment budget as part of the new financial package." That would be up from $143 million in capital spending for the first 10 months of this year.

She said Hynix itself has not yet finalized its capital spending plan for 2002. However, preliminary creditor committee approval for the six-fold increase would allow the troubled Korean chip maker to embark on long-sought major upgrading of fabs.

Any large capex increase is also certain to ignite further fury of DRAM competitors who charge Hynix is in such bad financial straits the firm shouldn't be allowed to invest further in the face of the distressed global memory market.

By contrast, Samsung Electronics is expected to cut its capex by at least one-third next year to $2.3 billion from $3.4 billion in 2001, according to a report Tuesday by Merrill Lynch. About $1.95 billion of the Samsung capital spending would be slated for semiconductor and flat panel display operations.

Samsung had not responded to inquiries about the Merrill Lynch report.






  Free Subscription to EE Times
First Name Last Name
Company Name Title
Email address
  Click here for your Free Subscription to EETimes Europe
 
CAREER CENTER
Looking for a new job?
SEARCH JOBS
SPONSOR

RECENT JOB POSTINGS
CAREER NEWS
Anita Borg Institute Honors 3 Women
Group Honors Three Women For Contributions To Tech

For more great jobs, career related news, features and services, please visit EETimes' Career Center.



All White Papers »   

  Around Silicon Strategies

10 emerging technologies to watch: EE Times has compiled a list of emerging technologies that we think will be worth watching out for in 2010. Biofeedback or thought-control of electronics are among the contenders. More...

Hot applications in 2010: We've compiled a list of 10 technology applications you should watch for in 2010, ranging from e-book readers to 3-D TVs. We examine the features that make these apps so compelling as well unresolved issues. More...

Top 25 predictions for semis in 2010: 2010 is just beginning to unfold in the electronics industry. Looking into our crystal ball, we have released our own chip forecasts--and other predictions--for 2010. More...

Seven things to fix in 2010: The editors of EE Times came up with their own informal list of things we hope engineers fix in 2010, spanning everything from nano-lithography to space travel. What do you want to see get done this year? More...

'09 moves that are shaping the future: This was a brutal year, but the industry gets a nod for showing grace under fire. Here's our Top 10 guide to the coming year, illustrating what to expect in 2010. More...

10 CEOs out in 2009: It's been a tough year for the global electronics industry and CEOs. We survey the dismissal of 10 industry CEOs during the first three quarters of 2009 and what's ahead for the rest of the year. More...

Notable women in microelectronics: There is no better time than a global economic recession to examine the keys to successful corporate governance. So, EE Times has compiled an international list that celebrates women who are business and technology leaders in semis. More...

EE Times updates Silicon 60: Seventeen companies have been added to the lastest version of our Silicon 60 list of emerging startups. Forty-three companies survived as emerging companies that are still worth watching. More...

 
Education and
Learning


Learn Now:












Home | About | Editorial Calendar | Feedback | Subscriptions | Newsletter | Media Kit | Contact | Reprints|  RSS|   Digital|  Mobile
Network Websites
International
Network Features




All materials on this site Copyright © 2010 EE Times Group, a Division of United Business Media LLC All rights reserved.
Privacy Statement | Terms of Service | About