Lam Research (LRCX, NASDAQ): To the Insiders Message Board

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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 156.00

+0.6%

Nov 28 9:30 AM EST

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To: FJB who wrote (4343)	10/4/2000 4:03:10 PM
From: Proud_Infidel	Read Replies (1) of 5867

TI to pour more money into chipmaking plants By Bloomberg News October 4, 2000, 12:00 p.m. PT TOKYO--Texas Instruments plans to invest $2.8 billion to $3 billion in plants and equipment next year to boost the output of chips for mobile phones, according to reports. The Nihon Keizai newspaper cited comments from TI chief executive Thomas Engibous in an interview in Tokyo. The chipmaker, which plans to invest $2.8 billion on plant and equipment upgrades this year, will spend more money next year on several projects. These include plans to build a production line to handle larger wafers at a Dallas plant and to invest about $300 million in plants in Ibaraki prefecture, north of Tokyo, and Oita prefecture in Kyushu, Japan's southernmost main island, according to Engibous. The Dallas-based company will boost production of mobile phone processors and analog microchips because it expects demand for cellular phones to expand next year, when so-called next-generation mobile phones offering high-speed Internet access will be introduced, the newspaper said. Texas Instruments, whose chips power two-thirds of the world's mobile phones, last month scaled back its forecast for industry-wide handset sales this year from 435 million worldwide to between 400 million and 435 million. Copyright 2000, Bloomberg L.P. All rights reserved.

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