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To: DJBEINO who wrote (9458)8/30/2001 12:04:34 PM
From: DJBEINO  Respond to of 9582
 
Hitachi to halt DRAM production - report
NEW YORK, Aug 29 (Reuters) - Japanese electronics giant Hitachi Ltd plans to suspend production of dynamic random-access memory (DRAM) chips at its Singapore facility, its only DRAM production plant, Jiji Press reported.

Jiji, monitored here, said the electronics giant responded to a depression in the semiconductor market and will lay off almost all of its 1,300 employees there.

According to Jiji, Hitachi will consider the feasibility of converting production at the facility into other semiconductor products after confirming the market trend.

biz.yahoo.com



To: DJBEINO who wrote (9458)8/31/2001 1:48:10 AM
From: DJBEINO  Read Replies (3) | Respond to of 9582
 
UMC (2303)closed @39.80 +0.90 vol 59,678,219
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August 29 net purchase 7,561,000 shares
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TAIWAN WEIGHTED closed @ 4509.44 +5.58 (+0.12%)
Day's Range :4430.43 - 4513.26
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Hitachi to cut planned chip capex to 60 bln yen
TOKYO, Aug 31 (Reuters) - Hitachi Ltd , Japan's third-largest chipmaker, said on Friday it would reduce its planned capital spending in the semiconductor sector to 60 billion yen ($502.6 million) from the originally planned 140 billion yen.
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Hynix rescue package 'not enough'-creditor bank
SEOUL, Aug 31 (Reuters) - A rescue worth more than five trillion won ($3.93 billion) for South Korea's troubled Hynix Semiconductor is insufficient, a top creditor said on Friday.

The chief executive at state-run Hanvit Bank said lenders were working to save the world's third largest memory chip maker but needed a closer look at Hynix's future.
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Hitachi to Cut 14,700 Jobs Worldwide on Economic Slump; Forecasts a Loss