Capital Outlay Up 11% for Conexant

Newport Beach chip-maker Conexant Systems Inc. said it expects its capital expenditures for the current fiscal year to exceed $350 million, an increase of more than 11%.

The semiconductor maker said it maintains its own manufacturing, assembly and test facilities, which have required and will continue to require significant investments in manufacturing technology and equipment.

According to the company’s annual financial report filed with the Securities and Exchange Commission, capital expenditures in fiscal 2000 totaled $315 million, compared with $214 million in fiscal 1999.

The fiscal year ends Sept. 30.