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To: Dave B who wrote (17115)3/5/1999 4:56:00 PM
From: MileHigh  Read Replies (1) | Respond to of 93625
 
Interesting, last several trades on Schwab selectnet were 72.5...Any news?

MileHigh



To: Dave B who wrote (17115)3/5/1999 5:03:00 PM
From: MileHigh  Respond to of 93625
 
Samsung ups funding for capital equipment

By Jack Robertson
EE Times
(03/05/99, 2:19 p.m. EDT)

SEOUL, South Korea — Samsung Electronics Co. will boost its semiconductor capital spending by 20 percent this year to $1.2 billion, reversing its decision to hold equipment expenses to essentially the same level as last year.

The increase reflects Samsung's decision to ramp up DRAM and other chip production as the global market appears to be improving.

Industry and analyst sources said Samsung, the world's largest DRAM producer, is responding to the big ramp-up by archrival Micron Technology Inc. (Boise, Idaho). Micron has said that it expects to double its DRAM output next year after it upgrades the fabrication facilities it obtained in its purchase of Texas Instruments Inc.'s memory operations and implements 0.18-micron design rules.

A Samsung spokesman said the capital investment will be used to upgrade and fill production lines at existing fabs in Korea and at Samsung's facility in Austin, Texas.

Samsung has been placing major equipment orders to complete its Fab 9 line at Kiheung, South Korea. A second-stage expansion at the Austin fab will double production to a capacity of about 25,000 wafers a month.

The Korea Semiconductor Industry Association has projected that overall spending on equipment by all South Korean chip makers would double this year to $2.6 billion.