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Technology Stocks : Micron Only Forum
MU 224.54+0.3%Nov 25 3:59 PM EST
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To: mr. who wrote (25937)12/19/1997 4:28:00 PM
From: DJBEINO  Read Replies (3) of 53903
 
Samsung waits for Won recovery before expanding new Austin fab

SEOUL--Samsung Electronics Co. Ltd. here is waiting to see if the value of the Korean Won recovers before launching its second-phase expansion at its new wafer fab in Austin, Tex. The second phase would double output to 25,000 wafers a month.

Officials said the 40% decline in value of the Won against the U.S. dollar since October suddenly made foreign equipment purchases for the expanded fab far more expensive.

Also, the Scottish government secretary told the British Parliament that Hyundai Electronics Co. was deferring its planned $3 billion chip fab in Scotland due to the Korean financial crisis.

Meanwhile, Korean Telecom, the government-owned phone and wireless operator, also said it will trim capital spending by 30% next year, which would impact the country's growing market for communications chips.
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