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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: Jonathan Edwards who wrote (3814)9/18/1998 3:46:00 PM
From: Snowshoe  Read Replies (1) of 4697
 
Hitachi To Close Wafer Production Unit In October
Friday September 18 10:12 AM EDT

TOKYO (Reuters) - Hitachi Ltd (HIT - news) said today that a wafer-production unit of its wholly-owned subsidiary would halt operations on October 20.

The unit, Ibaraki Semicon Material Co Ltd, will transfer production of eight-inch epitaxial wafers to its parent Hitachi Tokyo Electronics, a spokesman for Hitachi said. Monthly sales at Ibaraki Semicon Material averaged 500 million yen, the spokesman said. The move came as growth in demand for the wafers had not been up to the company's initial expectations amid continuing slump in the semiconductor market, Hitachi said in a statement. Epitaxial waf ers are increasingly used in high-density large-scale integration (LSI) chips.

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