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
How will economic policies adapt in 2020 when a quarter of the EU population is over 65? Can economics better predict how banks will react to credit crunches in the future, and what their impact will be on the wider economy?
more »
The EBRD is supporting the development of one of the first modern food retail chains in Turkmenistan with a $1.9 million equity investment in Ak Enar.
more »
While on a working visit to Ukraine, President of the Republic of Lithuania Dalia Grybauskaitė has underlined that Ukraine might become a very important energy partner for Lithuania and for the whole European Union but only transparent and open relations will lead to success in this area.
more »
On 25 November in Vilnius, Lithuania’s Vice-Minister of Foreign Affairs and President of the Nordic Investment Bank discussed the issues of the Northern Dimension Partnership on Transport and Logistics (the secretariat of which is being established at the Bank), issues of the NIB cooperation with Lithuania and perspectives of the NIB’s activities in the country.
more »
The European Bank for Reconstruction and Development has adopted a new strategy for the Russian Federation.
more »
Consumer protection requires transparent and consistent trade rules, believe MEPs.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 76 million) to the South Moravia Region for co-financing the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.
more »
Seeking to strengthen business partnership between Israel and Lithuania the Israel and Lithuania Chamber of Commerce has been recently established in Lithuania.
more »
AB DnB NORD Bankas, notifies that on 24 November 2009, the member of the Management Board and Executive Vice-president of AB DnB NORD Bankas dr. Jekaterina Titarenko has been appointed as Chief Financial Officer of Bank DnB NORD Group.
more »
Parliament gave its backing on Tuesday for €400 million-plus in budget aid to Serbia, Bosnia and Herzegovina, Armenia and Georgia.
more »