Taiwan’s Nanya raises 2010 capex forecast 36 pct

TAOYUAN, Taiwan, July 21 (BestGrowthStock) – Nanya Technology Corp
(2408.TW: ), Taiwan’s No.2 DRAM chipmaker, raised its 2010 capital
spending forecast by 36 percent on Wednesday, seeking to boost
capacity and upgrade technology to meet growing demand.

Spending would be T$30 billion ($940 million) this year, up
from a previous estimate of T$22 billion, the company said in a
statement.

Inotera Memories (3474.TW: ), Nanya’s chip venture with
U.S.-based Micron Technology (MU.O: ), raised its capex forecast to
T$58 billion from T$52 billion.

Stock Research
(US$1=T$32.1)
(Reporting by Baker Li and Argin Chang, Editing by Jonathan
Standing)

Taiwan’s Nanya raises 2010 capex forecast 36 pct