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To: Don Green who wrote (69863)	4/9/2001 12:01:46 AM
From: Don Green	Respond to of 93625

NEC To Withdraw From DRAM Production In US By End-June Monday, April 9, 2001 TOKYO (Dow Jones)--NEC Corp. (6701) plans to halt its dynamic random access memory (DRAM) production in the U.S. by the end of June, a company spokesman said Monday. The withdrawal from DRAM production in the U.S. will result in a staff reduction of about 700 employees at the NEC Electronics Inc. Roseville plant in California, the Japanese electronics giant announced Friday in the U.S. The plant currently employs 1,600 staff. In response to a severe downturn in chip demand, NEC Electronics will close part of its semiconductor assembly and test operations in Roseville to focus on advanced system LSIs (large-scale integrated circuits) and logic devices production, NEC said. As a result of the staff cut, NEC expects to incur about $8 million in one-time restructuring costs, mainly for retirement payments. "On the other hand, we expect to cut annual fixed costs by about $90 million through the restructuring," the NEC spokesman said. Demand is falling for 16-megabit old-generation memory products which the U.S. unit's DRAM manufacturing plant in Roseville mainly produces, the official said.