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

To: Gottfried who wrote (10757)	7/30/2003 10:48:26 PM
From: StanX Long	Read Replies (1) \| Respond to of 95471

Gottfried, this is from Brian on the No-Politics Thread. The bold section suggest 2004 UMC's SCE spending will be one billion. UMC 2003 capex reined in at $500 million By Peter Clarke Semiconductor Business News 07/30/2003, 7:55 AM ET TAIPEI, Taiwan -- United Microelectronics Corp. (UMC) estimated that its capital expenditure in 2003 would be $500 million, lower than the $800 million UMC spent in 2002 and the company's lowest capex for at least six years. However between now and the end of 2004 UMC plans to spend $1.5 billion on expanding its capacity to manufacture on 300-mm diameter wafers, the company said while reporting its second quarter results (see July 30 story). Between July 2003 and the end of 2004, UMC plans to invest approximately US$500 million in Fab12A and US$1.0 billion in UMCi, the company's joint venture with Infineon Techn0logies AG in Singapore. This would bring total capacity at Fab12A to 20,000 wafers per month, and total capacity at UMCi to 10,000 wafers per month, UMC said. In 1998 UMC's capital expenditure was $1.7 billion. It reached a peak of $2.8 billion before subsiding to $800 million in 2002