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


To: StanX Long who wrote (51163)8/27/2001 3:57:59 AM
From: advocatedevil  Read Replies (2) | Respond to of 70976
 
Toshiba trims 2001/02 chip capex plans

Monday August 27, 3:44 am Eastern Time

TOKYO, Aug 27 (Reuters) - Japan's biggest chipmaker, Toshiba Corp, said on Monday it would cut its group semiconductor spending planned for the year to March 2002 to 75 billion yen ($624.4 million) from its earlier plan of 140 billion yen.

The cut is part of Toshiba's sweeping restructuring announced on Monday that would include 19,000 job cuts and the consolidation of its domestic facilities by March 2004.

biz.yahoo.com

AdvocateDevil