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To: Bookdon who wrote (23626)	11/22/1999 12:06:00 AM
From: pat mudge	Read Replies (2) \| Respond to of 25960

Chip investment set to rise in Japan From Time to Time: Nando's in-depth look at the 20th century TOKYO (November 21, 1999 9:41 a.m. EST nandotimes.com) - Investment in semiconductor production by Japan's five chip makers is expected to rise in the year ending March 2000, a television network said Sunday. That represents the first increase in four years. Fujitsu, Hitachi, Mitsubishi Electric, NEC and Toshiba will raise their semiconductor investment to a total of 515 billion yen (the equivalent of $4.9 billion), up 7.9 percent from the previous year, Japan Broadcasting Crop. said. Japan's semiconductor industry had been reducing investment in an effort to cope with sharp declines in chip prices for the past several years, the national television network said. Hitachi is to boost chip investment to 130 billion yen for the financial year, up 48 billion yen, or 59 percent, with a project to introduce new chip production technology in its unit in Singapore, the report said. Fujitsu is to raise investment by 10 billion yen, with Mitsubishi's capital spending up 5 billion yen. NEC's investment will total 150 billion yen, it said.