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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (9132)	3/24/2003 11:39:57 PM
From: StanX Long	Read Replies (1) \| Respond to of 96167

This should help the SEC group, Stan. Samsung to Spend 1.2 Tln Won More on Panel Output (Update2) By Ian King quote.bloomberg.com Seoul, March 25 (Bloomberg) -- Samsung Electronics Co., the world's biggest maker of computer-memory chips, said it will spend 1.2 trillion won ($963 million) more to equip a flat-panel production plant as it tries to maintain its lead over newcomers. The money is in addition to 66.1 billion won the company committed in December to spend on the plant, its sixth. Samsung and LG.Philips LCD Co., which both say they are the world's largest producers of thin film transistor liquid-crystal displays, are trying to pressure rivals out of the business by being the first to churn out screens from more efficient plants. ``We expect the rising cost of next-generation plants to make it increasingly difficult for smaller TFT LCD players to compete in the industry,'' said David Toh, an analyst for Lehman Brothers in Taiwan. ``The implication of this is that smaller producers must consolidate and merge.'' Korean and Taiwanese makers such as AU Optronics Corp. are trying to make larger and cheaper flat-panel displays to persuade consumers to replace their bulky glass tube-based televisions and computer displays. Chi Mei Optoelectronics Corp., Taiwan's second-largest maker of flat-panel displays, yesterday scrapped plans to sell NT$20 billion ($575 million) of new shares overseas to finance a new plant, saying the U.S.-Iraq war weakened demand from investors. Sharp Corp., Japan's biggest liquid-crystal display maker, said last month it will increase spending on equipment and new plants by about 13 percent to 500 billion yen ($4.2 billion) over the next three fiscal years. The new Samsung plant is expected to be equipped and in production by year's end, the company said. It is a so-called fifth-generation factory, which makes screens from sheets of glass measuring 1.1 meters by 1.3 meters. The new plant will increase Samsung's total capacity to 160,000 sheets a month and will be used to make 17- and 20-inch personal computer monitors and television screens.