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Technology Stocks : WDC/Sandisk Corporation

WDC 221.57

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To: Rich Wolf who wrote (25584)	4/15/2004 2:14:38 AM
From: Bruno Cipolla	Read Replies (1) of 60323

Renesas to Raise Flash-Memory Capacity (WSJ) April 15, 2004 Renesas Technology Corp., a semiconductor joint venture between Hitachi Ltd. and Mitsubishi Electric Corp., will boost its capacity sixfold by the end of March 2006 to produce AND-type flash-memory chips for use in digital cameras and mobile phones. The news comes after Toshiba Corp. and SanDisk Corp. said Tuesday that they would invest a combined ¥270 billion ($2.53 billion) to build a memory-chip manufacturing plant. Renesas expects the global flash-memory market to grow 62% to ¥2.1 trillion by the end of arch 2006 from ¥1.3 trillion, a spokesman said. Separately, Sony Corp. said Wednesday that it raised its monthly output of charge-coupled devices, or CCDs, on the back of continued robust demand for digital electronic appliances.

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