from wsj:
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Taiwan Power has said that by Monday it will restore 85% of the power supply to plants in northern Taiwan where the chip maker's plants are based. But some investors think as many as 20 business days could be lost; that could affect fourth-quarter earnings for PC makers if parts are hard enough to come by. Already, the "spot" price for DRAM chips has jumped to more than $18 from $14 before the quake, reflecting supply shrinkage.
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Micron Technology, on the other hand, is on a roll, analysts say. And the jump in spot prices can't help but boost its results in the fourth quarter, investors say. "The DRAM spot price action was favorable before this happened," says Kenneth Heebner, with Capital Growth Management. "And this will just reinforce that trend," he says.
Is Micron the only one to dodge the bullet? Merrill's Mr. Osha says Altera and Xilinx, both of which rely on Taiwan outsourcing for their programmable logic devices, have built sizable inventories that should see them through the production disruption. And a few semiconductor companies that have their own manufacturing facilities, or "fabs" as they are called, such as Atmel and European chip maker Finmeccanica, may weather the storm, says Mr. Hickey. |
