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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 230.92+3.1%3:59 PM EST
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To: niek who wrote (19018)5/21/2006 1:09:25 PM
From: niek  Read Replies (2) of 25522
 
Morgan Stanley boosts its 2006 semiconductor capital spending forecast

The Semiconductor Reporter
May 19, 2006, 4:55 p.m. EDT

SAN FRANCISCO -- Morgan Stanley Research has raised its 2006 semiconductor capex projection to 17% growth over last year. The financial analyst now expects industry capex to be just below $55 billion for 2006, up from $46 billion for last year. The company had estimated three months ago that capex would be $50.7 billion, up 10.1% from 2005.

Timm Schulze-Melander, analyst with the firm, said the major reason for the higher capex prediction is a sharply higher capex figure for Japan. Morgan Stanley Research originally had forecasted chip capex by Japanese companies to fall this year by double digits, but now expects it to rise about 5% to $10.7 billion. The analyst said Japanese chip makers are increasing capital spending for NAND flash, as well as logic chips to support new consumer electronic products.

Toshiba and joint-venture partner SanDisk have increased their NAND capacity expansion plans in recent months.

The U.S. will lead the world in semiconductor capex with an expected $16.8 billion this year, up 37% from 2005, according to the Morgan Stanley forecast. South Korea will have $9.6 billion capex, up 18% from last year. Taiwan capex will rise 9% to $8.8 billion, and Asia-Pacific will be up 9% to $3.5 billion. Europe capex is predicted to be $4.5 billion, 13% higher than a year ago.
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