Chip investment set to rise in Japan
Copyright ¸ 1999 Nando Media
Copyright ¸ 1999 Agence France-Press
From Time to Time: Nando's in-depth look at the 20th century
TOKYO (November 21, 1999 9:41 a.m. EST nandotimes.com) -
Investment in semiconductor production by Japan's five chip makers is
expected to rise in the year ending March 2000, a television network
said Sunday. That represents the first increase in four years.
Fujitsu, Hitachi, Mitsubishi Electric, NEC and Toshiba will raise their
semiconductor investment to a total of 515 billion yen (the equivalent
of $4.9 billion), up 7.9 percent from the previous year, Japan
Broadcasting Crop. said.
Japan's semiconductor industry had been reducing investment in an effort
to cope with sharp declines in chip prices for the past several years,
the national television network said.
Hitachi is to boost chip investment to 130 billion yen for the financial
year, up 48 billion yen, or 59 percent, with a project to introduce new
chip production technology in its unit in Singapore, the report said.
Fujitsu is to raise investment by 10 billion yen, with Mitsubishi's
capital spending up 5 billion yen. NEC's investment will total 150
billion yen, it said.
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