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News Center Company News
Memory Maker Shares Gain on Hynix Spending Report (Update1)
  

Sept. 25 (Bloomberg) -- Powerchip Semiconductor Corp. led Taiwanese computer-memory chip producers higher in Taipei trading after a newspaper said South Korea's Hynix Semiconductor Inc. will more than halve capital spending next year.

Powerchip, Taiwan's biggest memory-chip maker, jumped by the 7 percent daily limit to close at NT$5.52 on Taiwan's GreTai Securities Market. Nanya Technology Corp., Taiwan's second- biggest computer-semiconductor maker, surged 6 percent to NT$8.45 in Taipei and Inotera Memories Inc. rose 6.5 percent to NT$10.60.

Hynix will lower spending on equipment to 1 trillion won ($859 million) to 2 trillion won in 2009 from an estimated 2.6 trillion won this year, the Taipei-based Commercial Times reported, citing unidentified people in the industry. The Korean chipmaker confirmed it would cut spending next year and declined to provide figures, according to the report. Hynix fell 0.7 percent to 20,150 won in Seoul trading.

``It's playing in favor of Taiwanese makers since they will benefit by expanding their market share as well as rising prices,'' said Eric Yao, who helps manage $152 million of funds at Truswell Securities Investment Trust Co. in Taipei.

Global spending on semiconductor equipment will drop 20 percent to $35.7 billion next year, Credit Suisse Group AG said in a report dated Sept. 21. That compared with its previous projection of a 7 percent increase in expenditure.

release time :2008-9-27
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