mannerisms

Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.

Top Ten Capex Spenders This Year

Thanks to Barcap for this one – the top ten capex spenders this year:

                          $bn 

Samsung            13

 

Intel                    12.5

 

TSMC                  7.0

 

Hynix                   3.5

 

GloFo                  3.4

 

Toshiba                 2

 

Micron/IM Flash 1.8

 

SanDisk               1.5

 

ST                        1.5

 

Infineon               1

Tags: capex, flash 1, hynix, spenders, Toshiba

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8 Comments

  1. David Manners
    April 03, 2012 07:22

    Yes indeed, Robert, but TI has bought a lot of new manufacturing capacity in the last couple of years acquiring bankrupt fabs and equipment e.g. Qimonda, Spansion, so doesn’t need to spend more until that is fully utilized. With ST the policy has been to gradually outsource more production. It certainly hasn’t grown much since Pistorio left. Revenues were just under $9 billion the year he retired – 2005 – and were under $10 billion last year.

  2. Robert
    April 03, 2012 01:18

    I don’t see either TI’s or STM’s names in the top ten for Capex.
    Hmmm wonder what information can be gleaned from that omission. Historically capex reductions always preceded revenue reductions. But as they say times are different now.

  3. David Manners
    April 02, 2012 20:13

    Ah yes, you’re probably right Phil, that would be in their financial statements for the past five and a half years 2006-11 compared with the figure in 2005. I don’t carry the information in my head but it’s easily found on the web.

  4. Phil
    April 02, 2012 09:37

    Was R2D2′s comment on how much NXP and Freescale spent not directed at what their capex spend is/was, rather than how much the PE guys paid for them? I think he wants to know if PE-run companies spend next to nothing on capex… ?

  5. David Manners
    March 30, 2012 16:17

    In NXP’s case practically the whole of the pruchase price was debt, Mark, but in the freescale case Blacksotne put up a large chunk of their own cash – several billion – although the much bigger valuation in the freescale case meant that the overall amount of debt in the Freescale case was greater than in the NXP case

  6. Mark Inskip
    March 29, 2012 17:35

    But remember, like most PE deals, these were leveraged buyouts and in the case of NXP the PE partners paid €3,451 million for 80.1% of NXP (Philips retained 19.9%).

  7. David Manners
    March 28, 2012 08:19

    The debt was $16 billion – $10 at Freescale and $6 billion at NXP and the valuations were $17 billion at Freescale and $10 billion at NXP

  8. R2D2
    March 28, 2012 05:22

    Anyone know how much the PE boys running NXP and Freescale spent?