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STAMFORD, CTGartner Inc. lowered its capital equipment spending forecasts for 2007 and 2008. Overall capital spending is projected to hit $55.2 billion in 2007, down 1.5% year-over-year. In 2008, capital spending is projected to grow 10.7% to $61.1 billion, said the research firm.
 
Worldwide semiconductor capital equipment spending is forecast to total $40.6 billion in 2007, a 3.2% decline from 2006. The market is expected to rebound in 2008, with spending expected to reach $46.7 billion, a 14.9% increase, said Gartner. This is below its previous forecast at the end of 2006.
 
After growing more than 18% in 2006, packaging and assembly equipment market revenue is projected to decline 12.2% in 2007, but will grow 20.2% in 2008. ATE sales will slow in 2007, with an expected decline of 11.2% for the year, the firm said.

 
 
TAIPEIFoxconn has purchased 142 placement machines from Sony Taiwan, according to a company filing on the Taiwan Stock Exchange.
 
The capital investment, worth a total of US$16.58 million, was negotiated between Nov. 16, 2006 and Apr. 19, 2007, the filing said.
 
 
RESEARCH TRIANGLE PARK, NC – Top-five PC maker Lenovo will lay off 650 workers and move 750 jobs closer to the company’s suppliers and manufacturing operations. The company will take a pretax restructuring charge of $50 million to $60 million, most in the current quarter. 
 
The move will save the former IBM PC unit about $100 million in the current fiscal year. The 1,400 positions represent about 5% of its global workforce, and Lenovo expects to complete most of the changes in the next 12 months. 
 

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