ID :
21192
Thu, 09/25/2008 - 17:50
Auther :
Shortlink :
http://m.oananews.org//node/21192
The shortlink copeid
Hynix eyes investment cut for 2009 amid market slump
SEOUL, Sept. 25 (Yonhap) -- Hynix Semiconductor Inc., the world's second-largest maker of computer memory chips, said Thursday it is considering scaling down capital spending in 2009 in light of a prolonged market slump.
Hynix plans to spend 1 trillion won (US$865 million) to 2 trillion won on new
plants and equipment next year, down from the 2.6 trillion won earmarked for
2008, the company said.
"For now, there seems to be a slim chance of the chip market making a sudden
recovery," a company official said.
The exact amount of next year's facility investment hasn't been decided yet, the
official said, adding that Hynix's basic principle is "to make investments within
its cash limit."
Early this month, the South Korean company began cutting its NAND flash output by
some 30 percent as part of measures to cope with falling profitability amid a
global glut.
Hynix plans to spend 1 trillion won (US$865 million) to 2 trillion won on new
plants and equipment next year, down from the 2.6 trillion won earmarked for
2008, the company said.
"For now, there seems to be a slim chance of the chip market making a sudden
recovery," a company official said.
The exact amount of next year's facility investment hasn't been decided yet, the
official said, adding that Hynix's basic principle is "to make investments within
its cash limit."
Early this month, the South Korean company began cutting its NAND flash output by
some 30 percent as part of measures to cope with falling profitability amid a
global glut.
