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Technology Stocks : Semi Equipment Analysis
SOXX 342.47+1.6%4:00 PM EST
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To: Gottfried who wrote (514)4/29/2001 11:33:44 AM
From: Return to Sender  Read Replies (1) of 95730
 
FACTBOX-Japan chipmakers to cut 2001/02 chip capex 27.9%

biz.yahoo.com

TOKYO, April 27 (Reuters) - Japan's five big chipmaking conglomerates plan to cut semiconductor capital investment by 27.9 percent in the business year that started on April 1, to 694 billion yen ($5.63 billion).

The cutbacks follow significant increases in 2000/01.

Analysts have said cuts of 30 to 40 percent are needed in global chip capital spending this year to help bring supply capacity back into balance with demand after a sudden downturn in the semicondcutor market near the end of the last calendar year.

An unexpected chill in sales of personal computers, cellphones and other major chip-using devices has sent the industry reeling after it experienced robust growth and order backlogs in the first half of the year.

The big chipmakers were virtually unanimous, however, in predicting the market would recover in the second half of their 2001/02 (April-March) business year, although they added that deep uncertainty remained.

Following are the five companies' planned spending levels for semiconductor plant and equipment for 2001/2002, in billions of yen with percent changes from a year earlier, announced along with earnings results and forecasts on Thursday and Friday. 

                                    2001/02      2000/2001
 Fujitsu Ltd                        190  (-7.8)     206
 NEC Corp                           144 (-33.6)     217
 Toshiba Corp                       140 (-17.6)     170
 Hitachi Ltd                        140 (-36.4)     220
 Mitsubishi Electric Corp            80 (-46.7)     150
                                    -----------------
 TOTAL                              694 (-27.9)     963
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