Nanya Tech 2003 capex expected to total US$670M

April 8, 2003 – Taipei, Taiwan – Nanya Technology Corp. expects its capital expenditure this year to be US$670 million, an upward revision from the US$450 million the Taiwanese memory chipmaker projected in December.

Of the planned total under the new estimate, US$450 million will be used to fund a joint venture between the company and Infineon Technologies AG, said Moor Chen, VP at Nanya’s finance department.

Nanya and Infineon are building a 300mm wafer fabrication plant in the outskirts of Taipei.

The remaining US$220 million, said Chen, will be used at Nanya’s other chip plants, reported Dow Jones.


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