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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (14273)	12/18/2001 3:53:37 PM
From: Sam	Respond to of 99280

Summary-Toshiba memory chip reorganisation [includes deals/non-deals with MU, Infineon, Hynix] TOKYO, Dec 18 (Reuters) - Following are key points of Toshiba Corp's briefing on the reorganisation of its memory chip business. Toshiba is Japan's largest chipmaker. -- Toshiba will sell its wholly-owned Virginia-based U.S. chip subsidiary, Dominion Semiconductor LLC, to Micron Technology Inc (NYSE:MU - news) in January 2002. -- Toshiba will exit the low-margin commodity DRAM chipmaking business and focus its resources on high-value added memories, including flash and application-specific memories. -- The company has agreed with Micron to discuss cooperation in non-commodity and high-value added DRAMs. -- Toshiba will also transfer its NAND flash chip operations from the Dominion plant to Japan. -- Toshiba will outsource its memory chip assembly operations to third parties, including overseas assemblers, to improve its cost structure. -- Toshiba will cut its chip workforce by 10 percent to 29,000 by the end of March. -- The company will post a special loss of 40 billion yen ($313.6 million) in the year ending in March to restructure its chipmaking business. -- Toshiba said the measures it had taken would support it as it tries to secure profitability in the semiconductor business in the business year starting in April. INFINEON DEAL DEAD? -- Talks between Toshiba and Germany's Infineon Technologies AG on a planned partnership to produce computer memory chips failed to cement to a deal, according to Infineon. -- Infineon said that it remains open for cooperation with other memory chip manufacturers. HYNIX-MICRON STILL TALKING -- South Korea's Hynix Semiconductor Inc said ongoing tie-up talks with Micron were still on track despite Toshiba's plans to sell the its Virginia facilities to the U.S. firm.