Darrell, It is not clear whether Samsung's semi-equipment
investment will escape cuts. The article you linked quotes
a statement made in October...
Samsung Semiconductor president Y.W. Lee in October said the company will keep its 1998 chip capital spending at $1.8 billion, the same level as this year. Samsung plans to open a DRAM fab in Austin, Texas, in 1998.
But a recent statement made 11/26/97 is less specific...
biz.yahoo.com
Excerpt:
Samsung will scale down overall investment and focus on core growth businesses, such as memory and non-memory semiconductors, telecommunications, automobiles and Samsung Corporation's
retail business. In 1998, Samsung will cut investment by at least 30 percent to six trillion Korean won, down from 8.2 trillion won in 1997. As a basic rule, Samsung companies will be requested to
finance over 70% of all new investments internally.
I hope "focus on core growth businesses, such as memory and non-memory semiconductors" means no cuts.
GM |
