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Micron Technology increases capital spending through 2009

27 June 2008 | By Mark Osborne | News > Cleanroom

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MicronMark 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.

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