03.12.2001
Less exports, less private investment
The total value of industrial investment projects with a value of
NT$200m-plus that were proposed by the private sector in the first two months of 2001
declined 41.4% YoY.
The largest project proposal in February came from Powerchip
Semiconductor Corp. (5346 'Li Jing'), which plans to invest NT$64.4b in DRAM production,
followed by ProMOS Technology (5387 'Mao De'), planning to invest NT$20.3b in DRAM
production.
Weak global demand, which is dampening Taiwan's export growth, is also
holding private investment growth down. We forecast private investment growth to contract
sharply to 4.0% in 2001 from 13.7% in 2000. We leave our 2001 GDP growth forecast
unchanged at 4.5%.
IrmakSurenkok@Primasia.com +886-[0]2-2547-8873 |
