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To: E. Graphs who wrote (11599)	4/13/1998 10:50:00 AM
From: Moonray	Read Replies (2) of 25814

Japanese Chipmakers to Reduce Capital Investment, NHK Says Tokyo, April 11 (Bloomberg) -- Japan's five major chipmakers will spend 150 billion yen ($1.15 billion) less on capital investment in the year through March 1999 compared to a year earlier because of a sluggish market, NHK news reported. Mitsubishi Electric Corp. will cut capital spending in half to 50 billion yen and Hitachi Ltd. will cut spending 20 percent to 100 billion yen. Toshiba Corp. will cut 20 percent, Fujitsu Ltd. will cut as much as 40 percent and NEC Corp. will probably spend the same as last year, the report said. Worldwide sales of equipment used to make microchips surged 32.4 percent in January as strong growth in the U.S. market continued to drive worldwide sales higher, the Semiconductor Equipment Association of Japan said Wednesday. o~~~ O

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