Vanguard to raise annual equipment outlay by 70%
‘CONSTANT INCREASES’: Vanguard International Semiconductor Corp chairman Fang Leuh said that its factory utilization rate is expected to be very high throughout this year
By Lisa Wang / Staff reporter
Vanguard International Semiconductor Corp (世界先進), a supplier of power management chips, yesterday raised its capital expenditure for this year by 70 percent to NT$8.5 billion (US$304.09 million), as it prepared early for next year’s capacity expansion because of longer equipment delivery times.
The Hsinchu-based chipmaker initially planned to spend NT$5 billion on new facilities and equipment this year, up 41 percent from last year’s capital expenditure of NT$3.45 billion.