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Trade war

Memory chipmaker Nanya slashes capex to offset trade war damage

Taiwan DRAM manufacturer blames weak smartphone and server demand

Nanya Technology, Taiwan's biggest memory chip manufacturer, is bracing for a difficult 2019.   © Reuters

NEW TAIPEI CITY, Taiwan -- Taiwan's leading memory chip manufacturer Nanya Technology on Jan. 15 said it would slash capital expenditure by 50% in 2019, blaming the negative impact of trade tensions between Washington and Beijing.

The world's fourth-largest maker of dynamic random access memory chips, after Samsung Electronics, SK Hynix and Micron, said it would cut capital expenditure to around 10 billion New Taiwan dollars ($325 million) in 2019 from NT$20.4 billion in 2018. This is the company's second cutback in spending in three months due to sluggish demand from makers of smartphones, consumer electronics and data center servers.

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