By Dylan McGrath, EETimes
November 1, 2018
SAN FRANCISCO — Samsung Electronics said that it would cut its semiconductor capital spending slightly and warned that the memory market is headed for a seasonal slowdown after two years of spectacular growth.
Samsung said that it would cut its 2018 semiconductor capex to about 24.9 trillion won (about $22.6 billion), a decline of about 9% from last year’s total of 27.3 trillion won. Factoring in exchange rate fluctuations, in U.S. dollar terms, the 2018 target represents a decline of just 7% from Samsung’s aggressive 2017 spending level, according to Bill McClean, president of market research firm IC Insights.
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