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.
