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

To: csmith who wrote (35805)	7/18/2000 12:55:48 PM
From: csmith	Respond to of 70976

Toshiba plans to increase capital spending on chips by 20 to 30 billion yen, to 150 to 160 billion yen, this year to meet soaring demand for dynamic random access memory(DRAM) chips and brisk demand for flash memory chips used in digital cameras and other digital gadgets. In April the Tokyo-based company said it expected to invest 130 billion yen in its chipmaking operations, up 33 percent from previous year. ``We plan to increase our capital spending on chips by 20 to 30 billion yen from our April plan to meet booming global demand,'' Fujii said. The increase reflects bullish industry trends which had already prompted rival makers such as Fujitsu Ltd and Mitsubishi Electric Corp to revise up their original capital spending plans on chips this year. sjmercury.com