TI Japan Announces a New Investment Plan to Strengthen Its Manufacturing Facilities
TOKYO, March 31 /PRNewswire/ -- Texas Instruments (NYSE: TXN - news) Japan (TIJ) announced today that the company will strengthen its manufacturing capability in Japan through focused and efficient capital investment in order to meet anticipated growth in DSP and analog markets.
Under the plan, the company will consolidate its CMOS process line in the Hatogaya plant to the Miho site, building an 8-inch (or 200mm) wafer process line in Miho. The Miho site will become a base for manufacturing DSP and analog system-level integration chips. These areas are among the fastest-growing sectors of the semiconductor market and are the core of TI's long-term strategy.
TI will make significant investment of 40-50 billion yen ($333 - 417 million U.S. dollars /@120yen) into Miho over the next three to four years.
The existing Hatogaya plant, which has made a great contribution to the growth of TIJ for more than 30 years, will be closed by the end of 2000. The major products being manufactured in the Hatogaya plant, including LCD driver integrated circuits, will be manufactured in either Miho or Hiji.
The Hiji site will be a base for BiCMOS analog/mixed signal manufacturing and for advanced packaging assembly/test through continued investment.
''TI has been committed to the semiconductor market in Japan for more than 30 years. With these actions, we are further strengthening our manufacturing bases to better serve our customers,'' said Toshiaki Ikoma, representative director and president of TIJ.
TI expects to recognize special charges in the first quarter of 1999 associated with the action in Japan.
NOTE TO EDITORS: Texas Instruments Incorporated is a global semiconductor company and the world's leading designer and supplier of digital signal processing and analog technologies, the engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company's businesses also include materials and controls, educational and productivity solutions, and digital imaging. The company has manufacturing or sales operations in more than 25 countries.
Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at ti.com.
SOURCE: Texas Instruments Incorporated
|
