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

To: StanX Long who wrote (60581)	2/15/2002 2:47:30 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Hitachi to Retreat From Mobile-Phone Memory Chips (Update2) By Yoshifumi Takemoto and Ian Messer quote.bloomberg.com Tokyo, Feb. 15 (Bloomberg) -- Hitachi Ltd., which expects a loss of 230 billion yen ($1.7 billion) this fiscal year, will withdraw from the mobile-phone memory-chip market in the next two years to avoid competition with U.S.-based Micron Technology Inc. Japan's third-largest chipmaker will phase out the production of flash-memory and static random-access memory chips, Hideo Inayoshi, a senior manager at Hitachi's chip business, said in an interview. Hitachi will focus on system LSI chips and microprocessors for consumer appliances and cars. ``This is a step in the right direction for Hitachi,'' said Sadaharu Nagumo, who helps manage 20 billion yen in assets, including Hitachi shares, at Japan Investment Trust Management Co. ``They have a mountain of businesses and they're right to exit some and narrow their focus.'' Like other Japanese chipmakers, Hitachi is retreating from the computer-memory chip business after prices last year fell below the cost of production. Hitachi, whose mobile-phone memory- chip business is also unprofitable, is farming out production of dynamic random-access memory chips to a joint venture with NEC Corp., Japan's second-largest chipmaker.