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Article: S. KOREAN CHIPMAKERS TO SPEND BIG ON INFRASTRUCTURE.
- Article from:
- AsiaPulse News
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, Oct 29 Asia Pulse - South Korean chipmakers will likely invest 22 trillion won (US$18.3 billion) by 2012 to update their manufacturing infrastructure and strengthen their global market presence, a trade association said Thursday.
The Korea Semiconductor Industry Association (KSIA) said members like Samsung Electronics Co. (KSE:005930) and Hynix Semiconductor Inc. (KSE:000660) plan to increase investments starting in 2010, with up to seven trillion won earmarked for use in the first year.
The semiconductor industry experienced two years of negative global growth that dampened investment sentiments, but a recent rise in memory chip prices and ...