Sat, Oct 13, 2007 - Page 12 News List

Powerchip refuses to reduce capacity

STANDING FIRM While its rivals have announced plans to limit sales on the spot market in a bid to control prices, the Taiwanese firm is moving ahead with its expansion plans

By Lisa Wang  /  STAFF REPORTER

Goldman Sachs said that it expected chip investment to drop by 10 percent next year because foundries will be more cautious about investment and Taiwanese DRAM manufacturers may postpone spending in response to declining prices.

Additional reporting by Bloomberg

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