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JAPAN'S 5 ELECTRONICS MAJORS TO CUT CAPITAL SPENDING BY 10.4%.
TOKYO, May 1 Asia Pulse - The nation's five major electronics manufacturers plan to reduce group capital spending by 10.4% on the year to a combined 1.77 trillion yen (US$14.3 billion) this fiscal year.
Most of the reduction will come from chip-related investment due to a weak memory market. The U.S. computer market, Japan's biggest customer, began shrinking inventories late last year, hurting the market for memory, microcontrollers and logic chips.
Hitachi Ltd. (TSE:6501), Toshiba Corp. (TSE:6502), Mitsubishi Electric Corp. (TSE:6503), Fujitsu Ltd. (TSE:6702) and NEC Corp. (TSE:6701) plan to reduce their investment outlays in semiconductors by 27.9% to 694 billion yen.
Some industry experts ...
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Source: HighBeam Research, JAPAN'S 5 ELECTRONICS MAJORS TO CUT CAPITAL SPENDING BY 10.4%.