Nanotech Research Spending Seen Reaching &#36;8.6 Bln
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Worldwide research and development spending in the emerging field of nanotechnology should rise about 10 percent this year to &#36;8.6 billion, a research firm said on Monday.
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Advanced Micro  Devices Inc. , the No. 2 maker of microchips for  personal computers, said on Monday it will spend an additional  &#36;2.5 billion to upgrade and expand its two factories in  Germany.
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Gartner forecasts chip equipment spending of $40.3 billion in 2008, down by almost 10 percent from an estimated $44.8 billion this year.
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Specialist in nanomaterial manufacturing will use its process to develop silicon cells.
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Is Nanosys moving closer to the public spotlight?
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New Jersey, home to scores of top drug companies, plans to spend &#36;380 million on stem cell research to stay in the forefront of the politically sensitive field, its acting governor said on Tuesday.
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Cell phone maker's research partnership with university will focus primarily on nanotechnology.
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Nurtured by billions of dollars in government grants and venture investments, nanotechnology companies are getting ready to go public.
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Gov. Jim Doyle announced plans Wednesday to invest nearly &#36;750 million to support human embryonic stem cell research and other medical experiments.
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Spending in Eastern Europe and Asia is expected to lead a recovery in the global technology market over the next three years, according to an industry report released Tuesday.
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The US National Institutes of Health invests $28bn annually in research. European spending is lower, although the European Union is closing the gap, helped by a shortsighted American policy of &quot;flatlining&quot; many scientific research budgets. (Perhaps this is because scientists have an annoying tendency to discuss things that conflict with the Bush administration&#39;s view of reality, such as global warming, evolution, the insufficiency of the New Orleans levee system and the medical potential of stem cells.)
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The chip maker now expects revenue of between $8.3 billion and $8.6 billion due to lower-than-expected worldwide demand for its processors as well as "customer reductions in component inventory levels."
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Three more Taiwanese chip makers plan to&#160;spend significantly less money on new factories and equipment&#160;this year as a DRAM (dynamic RAM) glut and uncertainty about the global economy weigh.Lower capital spending forecasts in the chip industry are a sign the global IT industry is on edge about future demand. Analysts have expected DRAM makers to cut back on spending for a long time due to&#160;falling chip prices. Prices for mainstream DDR2 (double data rate, second generation) chips remain below production costs, and most DRAM makers have reported losses for the fourth quarter.Powerchip Semiconductor, Taiwan&#39;s largest memory chip maker, Wednesday said it plans to spend NT$35.1 billion (US$1.09 billion) on new chip factories, technology and production line equipment this year, less than half the NT$86.3 billion it spent last year.Powerchip&#39;s smaller rival on the island, ProMOS Technologies, also more than halved its projected 2008 capital spending to US$800 million, down from US$1.84 billion last year. The company also put the expansion of its fourth 12-inch factory on hold pending a rebound in the DRAM market.United Microelectronics (UMC), the world&#39;s second largest contract chip maker, forecast its 2008 capital spending at US$500 million to US$700 million, down from US$900 million last year.The company&#39;s customers have turned cautious due to global economic worries, said Jackson Hu, CEO of UMC, at an investors&#39; conference in Taipei on Wednesday. The company forecast its chip shipments will decline as much as 15 percent in the first quarter, compared to the fourth quarter of last year as chip demand weakens, particularly for communications chips.Global semiconductor equipment spending is forecast to fall 9.9 percent to US$40.3 billion this year, from US$44.8 billion last year, according to Gartner. The market researcher blamed over-investment by DRAM makers in 2007 for the cutback in semiconductor capital spending this year. Concerns about a U.S. economic recession have also put chip makers in a cautious mood, Gartner said in a report published early this month.&#160;
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Photovoltaics made of nanowires could power small devices and lead to cheaper solar panels.
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Lux Research Inc., a New York-based nanotechnology firm has released a detailed report that suggests global spending on research and capital investment in nanotechnology will reach $8.6 this year. More than half that figure, $4.6 billion, will come in the ...
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Global sales of microchips are expected to rise about 10 percent to $273.8 billion this year after increasing 8.9 percent to $247.7 billion in 2006, an industry group said on Friday.
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The US government will spend a whopping 144.3 million dollars to apply nanotechnology to the fight against cancer, the National Cancer Institute announced.