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To: MR. PANAMA (I am a PLAYER) who wrote (23488)	11/3/1997 11:14:00 PM
From: DJBEINO	Respond to of 53903

Hitachi Lowers FY97 Value Of Chip Output Target By 11% TOKYO (Nikkei)-Hitachi Ltd. has downwardly revised the value of its microchip production for fiscal 1997 ending March by 100 billion yen to 780 billion yen, company officials announced Wednesday. The lower figure is still a 14.5% increase from year-earlier output. The chip maker will also trim capital investment for microchips on a consolidated basis by 10 billion yen to 140 billion yen. With production of memory chips running at around 40% of its total semiconductor output, Hitachi has been severely hit by rapidly waning demand for DRAMs. The 11.4% cut in output is the biggest reduction among Japanese chip makers. The company has lost price competitiveness in the 16-megabit DRAM market in the face of aggressive production increases by other companies, including Micron Technology Inc. of the U.S., analysts say. Three other Japanese Big Five chip makers - NEC Corp., Toshiba Corp., and Fujitsu Ltd. - lowered their initial output plans by about 3-6%. Only Mitsubishi Electric Corp. has raised its production target.