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Technology Stocks : Micron Only Forum
MU 207.36+3.0%Nov 21 9:30 AM EST
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To: John Graybill who wrote (43056)2/16/1999 3:05:00 PM
From: DJBEINO  Read Replies (1) of 53903
 

Big Chipmakers Plan Flat Capital Investment In FY99
Wednesday, February 17, 1999

TOKYO (Nikkei)--Five leading semiconductor makers will likely spend a combined 430-460 billion yen on plant and equipment in fiscal 1999, roughly flat from planned capital spending for the current year, companies officials said Tuesday.

Industry leader NEC Corp. (6701) will likely invest 130-150 billion yen on a group basis, compared with 150 billion yen this term.

Consolidated spending by Toshiba Corp. (6502) will total about 120 billion yen, Hitachi Ltd. (6501) 50 billion yen and Fujitsu Ltd. (6702) 80 billion yen -- all unchanged from fiscal 1998. Mitsubishi Electric Corp. (6503) is forecast to spend 50-60 billion yen, up from 45 billion yen a year earlier.

The five chipmakers are finalizing investment plans and will probably lock in figures for the next term by mid-March.

Their combined capital investment peaked at 890 billion yen in fiscal 1995, but declined in each of the following three years. All five are expected to post group operating losses in fiscal 1998, hit by the sluggish market for memory chips.

The semiconductor makers' capital investment won't recover until after 2000, industry observers predict.
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