|
Micron increases capital spending in 2006 and 2007 |
|
|
|
Apr 11, 2006 at 01:45 PM |
 Micron has brought forward its already aggressive production plans for IM Flash Technologies that started operations in early January 2006. Previously, Micron had stated that capital spending for 2006 would be in the $2 billion range. However in a financial analysts conference call to discuss its 2Q06 financial results, Micron executives highlighted that capital expenditure plans have been brought forward as well as increased.
The company has brought forward $200 million US dollars of capital equipment spending for IM Flash Technologies as well as total expenditures now expected to be in the region of $2.6 billion US dollars in 2006.
In 2007, Micron plans to spend between $3 and $3.5 billion US dollars. IM Flash will receive around $2 billion in capex, while $500 million is expected to be spent on Tech Semiconductor as it coverts a 200mm fab to 300mm production. The rest will be allocated to Micron's core fabs.
|
News 
