Taiwan's Nanya raises 2010 capex forecast 36 pct

TAOYUAN, Taiwan, July 21 | Wed Jul 21, 2010 2:29am EDT

TAOYUAN, Taiwan, July 21 (Reuters) - 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. (US$1=T$32.1) (Reporting by Baker Li and Argin Chang, Editing by Jonathan Standing)

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