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Technology Stocks : Micron Only Forum

MU 207.36

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To: yard_man who wrote (42979)	2/12/1999 3:34:00 PM
From: DJBEINO	Read Replies (4) of 53903

Motorola To Shut Japanese Chip Lines By June Saturday, February 13, 1999 TOKYO (Nikkei)--Motorola Japan Ltd. will close microchip-assembly lines in Fukushima Prefecture by the end of June, company officials said Friday. The shutdown is part of U.S. parent Motorola Inc.'s efforts to streamline in the face of deteriorating profitability in the semiconductor sector. In July 1997, Motorola stopped making DRAM chips in Japan amid depressed market conditions. The closed lines will be shifted at a cost of several billion yen to making small integrated circuits for home appliances and automobiles. Up to 150 of the 250 employees will be given incentives to retire early, with the rest to be transferred within the company. The Fukushima factory assembles 10 million chips a week, but its relatively small scale has made it difficult to cut costs substantially. Such factories typically produce over 100 million chips a week. Japanese chip makers also closed overseas production bases recently but have shifted to turning out LCD (liquid crystal display) panels at home to avoid laying off workers. Texas Instruments Inc. of the U.S. had earlier sold its stake in a joint venture with Kobe Steel Ltd. (5406) to Micron Technology Inc., also of the U.S. LSI Logic Corp. of the U.S. is also expected to shut some lines in Ibaraki Prefecture in April.

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