Taiwan parts makers scale back
Published:
5 October 2001 y., Friday
Taiwan computer component maker Hon Hai Precision Industries scrapped on Friday a plan to raise $460 million overseas, becoming the latest tech company to tread more warily following attacks on the United States.
Hon Hai said in a statement to the Taiwan Stock Exchange that the withdrawal of a planned issue of global depositary receipts (GDRs) was due to capital market conditions and because the fund-raising was not necessary at the current time.
Taiwan Semiconductor Manufacturing, the world's largest contract chipmaker, said last week it would not use all its $2.2 billion capital expenditure budgeted for this year and said spending next year would be less than 2001 as market conditions were sluggish.
Analysts said limited visibility in the struggling electronics industry after the deadly attacks on New York and Washington, D.C., made tech companies rethink strategies and move conservatively.
Given such a bleak scenario, analysts said other electronics companies could find it tough to raise funds overseas as uncertainty hangs over global equity markets.
Šaltinis:
news.cnet.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In its first meeting in 2010, the Gas Coordination Group, under the chairmanship of the Commission, has focused today on the assessment of the situation on security of gas supply in the EU-27 and countries of the Energy Community and discussed priorities for the work of the Group in 2010.
more »
Luc Van den Brande, President of the EU Committee of the Regions (CoR), has used his first meeting with the President of the European Council, Herman Van Rompuy, to underline the importance of consultation between local, regional and national authorities.
more »
Basile Nkwesi, Directeur Commercial of Multiprint, speaks for dozens of frustrated business managers in this busy enterprise center when he talks about Cameroon’s costly and unreliable electricity.
more »
During 2009, over 2400 new corporate clients, whose total number currently exceeds 16 thousand, began using Bank SNORAS services.
more »
In 2009, the European Investment Bank (EIB) provided EUR 2.5 billion in 16 credit lines for financing the investment projects of SMEs (EUR 1 955 million) and local authorities (545 million) in Spain.
more »
In 2009, the number of counterfeit euro coins removed from circulation was 172 100, down from 195 900 the year before.
more »
Haiti began participating in the International Monetary Fund’s General Data Dissemination System on December 28, 2009, marking a major step forward in the development of its statistical system.
more »
According to the data of NASDAQ OMX Vilnius Stock Exchange, the price of Bank SNORAS registered ordinary shares grew by more than 2.5 times.
more »
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Cadbury PLC of the UK by Kraft Foods Inc. of the US by way of public offer.
more »
Statistics Lithuania informs that construction input prices inNovember 2009, against October, dropped by 0.5 percent.
more »