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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (7138)	9/11/2003 10:10:46 AM
From: Proud_Infidel	Respond to of 25522

Renesas mulls $1.7 billion fab spend, says report Silicon Strategies 09/11/2003, 8:52 AM ET TOKYO -- Renesas Technology Corp., a semiconductor giant jointly owned by Hitachi and Mitsubishi Electric, is negotiating with two Japanese firms to spend about $1.7 billion on a next generation 300-mm wafer fab, according to reports that surfaced Tuesday (September 9, 2003). Renesas Technology said it was negotiating with two un-named Japanese companies to spend over 200 billion yen ($1.7 billion) on a factory in Hitachinaka, 100 kilometres northeast of Tokyo, according to an Agence France report. The investment would start modestly to reach 25 billion yen (about $210 million) by 2005, with another 170-180 billion yen (about $1.5 billion) spent when production of chips using 90-nanometer manufacturing process technology ramps up in 2006, the report quoted the company as saying. Renesas' already has a 300-mm fab in Hitachinaka. Formerly called Tricenti Technologies Inc., the fab was acquired from Hitachi at the formation of Renesas in April of this year (see April 4 story). The investment plan was unveiled at a business briefing by Renesas president Satoru Ito, the report said.