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
The EU needs a strategy by 2011 to encourage the creation of green jobs, says a draft resolution by the Employment and Social Affairs Committee that was adopted on Wednesday.
more »
Householders should not have to go without gas due to a gas-supply crisis, and such crises should be better managed, thanks to EU-wide co-ordination procedures and interconnection requirements laid down in draft legislation agreed informally with the Council at the end of June and approved by the Industry Committee on Tuesday.
more »
Today the Council has taken the formal decision which will pave the way for the introduction of the euro in Estonia as of 1 January 2011 and will become the 17th European Union country to share the euro currency.
more »
Proposals to improve protection for bank account holders and retail investors, and set up similar schemes for insurance policies.
more »
How should the EU's farm policy be reshaped and how should it be funded after 2013?
more »
MEPs on Wednesday approved some of the strictest rules in the world on bankers' bonuses.
more »
Long before the financial crisis the European Parliament regularly pointed out the significant failures in the EU’s supervision of ever more integrated financial markets.
more »
New strategy for stimulating tourism in Europe – to realise the full potential of an industry that already plays an important role in the economy.
more »
The European Commission has disclosed who in 2009 received EU funds in policy areas like research, education and culture, energy and transport or external aid.
more »
The European Commission has approved 19 programmes in 14 Member States (Austria, Belgium, Czech Republic, Denmark, Germany, France, Greece, Italy, Ireland, the Netherlands, Poland, Slovenia, Spain and the United Kingdom) to provide information on and to promote agricultural products in the European Union.
more »