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Technology Stocks : Semiconductor Industry Sales Trends
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To: Michael Sphar who wrote (83)9/9/1998 12:27:00 PM
From: Michael Sphar  Read Replies (1) of 105
 
A service of Semiconductor Business News, CMP Media Inc.
Story updated 8 p.m.EDT/5 p.m. PDT, 9/8/98

Matsushita closing U.S. fab

PUYALLUP, Wash. -- Matsushita Electric Industrial Co. Ltd. today
announced it will close its wafer fab and U.S. semiconductor subsidiary
here in December due to persistent losses DRAMs. The 6-inch fab
produces 4-Mbit DRAMs and microcontrollers for consumer
applications, according to a company spokesman.

For more than a week, the planned closure of the Puyallup fab was
rumored while other Japanese chip makers began announcing similar
moves to restructure their global activities in the face of mounting losses in
memories and other IC product segments.

About 340 employees will lose their jobs when Matsushita
Semiconductor Corp. of America ceases operations in early December,
the company spokesman said. The U.S. subsidiary was established in
February 1991 a year after Matsushita acquired the Puyallup wafer fab
from National Semiconductor Corp.

Originally, the manufacturing site was established in 1983 by Fairchild
Camera & Instrument Corp., which sold the facility and its semiconductor
business to National in 1987. Until the current DRAM slump, Matsushita
had been planning an expansion of its U.S. manufacturing site.
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