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Technology Stocks : WDC/Sandisk Corporation
WDC 169.56-0.1%3:59 PM EST

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To: Bhag Karamchandani who started this subject11/8/2000 1:36:55 PM
From: Binx Bolling   of 60323
 
OT Sharp goes outside for flash production


November 8, 2000



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Crista Souza

To secure a long-term supply of flash-memory wafers, Sharp Corp., Tokyo, said last week it has agreed to invest 7 billion yen, or $64 million, in Nippon Foundry Inc., a UMC Group company. With the move, Sharp becomes the latest integrated device manufacturer to supplement its internal production capability with the services of a pure-play foundry. Sharp's investment will provide almost a third of the funding to upgrade Nippon Foundry's Tateyama, Chiba, fab. In return, UMC has agreed to give Sharp access to its 0.18-micron technology. Starting in the second half of 2001, Sharp will receive 6,000 8-in. wafers a month from Nippon Foundry, increasing to 10,000 wafers a month by 2002.

ebnonline.com

Copyright c 2000 CMP Media Inc.

By Crista Souza
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