Online information source for semiconductor professionals

Globalfoundries trims capital spending

22 July 2009 | By Mark Osborne | News > Fab Management

Popular articles

‚??Velocity‚?? the new buzzword in Intel‚??s PQS annual awards - 12 April 2012

Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008

Applied Materials adds Jim Rogers to Board of Directors - 29 April 2008

TSMC honors suppliers at annual Supply Chain Management Forum - 03 December 2008

Sematech Litho Forum: Sematech mulling multi-beam mask writer effort - 12 May 2010

Although Globalfoundries is expected to announce its first foundry customer after AMD in the next month, demand for AMD’s microprocessors has remained flat for the last two quarters and the migration to 45nm devices slowed, resulting in a reduction of capital expenditure recquired for 2009. Robert Rivet, AMD’s CFO said in a conference call that CapEx for subsidiary Globalfoundries would be trimmed to US690 million, down from previous guidance of approximately US$760 million.

CapEx for AMD, the fabless company, would be about $100 million, down from its previous plan of US$150 million for the year.

Globalfoundries is also expected to raise further funds as its cash position has fallen below US$1 billion, Rivet noted in the call. The US$1 billion cash holding was an agreed set figure for the spin-off with new majority share holders.

Related articles

Economic conditions loom large on semiconductor growth, warns iSuppli - 09 October 2008

IC Insights: Foundry capital spending set for record year - 08 February 2011

Worldwide capital-spending trends - 01 December 2004

2003 semiconductor industry capital spending trends - 01 September 2003

Worldwide IC Capacity Trends - 01 March 1999

Reader comments

No comments yet!

Post your comment

Name:
Email:
Please enter the word you see in the image below: