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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (34367)	2/21/2000 9:24:00 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

Jay, I believe the BTB is tom....... semi.org ****************************************** Feb 21 Nikkei reports: Issued: February 21, 2000 Five semiconductor giants plan to pump up investments The five top semiconductor manufacturers are planning to plunge about 20% more into semiconductor-related investments in fiscal 2000 than they will during the current fiscal year, according to the results of a Nihon Keizai Shimbun survey. NEC Corp., Toshiba Corp., Hitachi Ltd., Fujitsu Ltd. and Mitsubishi Electric Corp. are projected to invest 630-660 billion yen ($5.8-6.1 billion) in semiconductor-related investments on a consolidated basis in fiscal 2000, which begins in April. The investments are to be largely focused on expanding capacity for producing microcontrollers, flash memory and other intelligent parts for cellular phones. All five companies began turning profits on a single-month basis in the semiconductor business last summer as chip prices rebounded. This turn of events has given the companies the padding they needed to begin expanding capacity, raising spending projections for the last half of fiscal 1999 and fiscal 2000. Companies are also ready to expand production of liquid crystal displays. Sanyo Electric Co. plans to raise consolidated capital spending by 80% in fiscal 2000 to an industry-leading 178 billion yen. The company plans to build a new plant to produce liquid crystal displays for television screens and computer monitors. Sharp Corp. plans a 60% increase in business investment to 140 billion yen, including spending 80 billion yen on liquid crystal displays, up 46 billion yen from fiscal 1999. The investment increases on the high-tech side are having a ripple effect on other sectors, especially the basic-materials and machine-tool sectors.