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Micron Technology increases capital spending through 2009
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Mark Durcan, President and Chief Operating Officer of Micron Technology
said in a conference call with financial analysts covering its
financial third quarter results that its capital spending for its
fiscal 2008 would end up being on the high side of its previous
guidance of between $2.5 billion and $3 billion.
However, Micron noted in the call that its subsidiary, TECH
Semiconductor would contribute a further $230 million as it completes
the full conversion of its Singapore fab to 300mm production by the end
of 2008.
In its 2009 fiscal year, Durcan said that Micron
will spend between $1.5 billion to $2 billion, but this did not include
partner contributions of approximately $300 million or the $550 million
Micron will contribute to its MeiYa joint venture 300mm fab with Nanya.
With respect to the MeiYa joint venture fab, Durcan noted that MeiYa
will start production in early 2009 and to an initial target of 10,000
wafers starts per week by year end.