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Politics : RAMTRONIAN's Cache Inn -- Ignore unavailable to you. Want to Upgrade?

To: Mark Willis who wrote (4902)	2/26/1998 4:18:00 PM
From: Mark Willis	Read Replies (1) \| Respond to of 14464

Follow up on TI speculation - looks like TI will have an idle DRAM production facility on their hands. "A major joint memory chip venture between Hitachi and Texas Instruments (TXN) has been crushed under the weight of tumbling memory chip prices. Declining profits at Hitachi as well as a continuing oversupply condition contributed to the end of the joint venture with Texas Instruments (TI), according to the two companies. The venture, dubbed Twinstar Semiconductor, began operations in 1996 to produce 16-megabit DRAM chips in Richardson, Texas. Its opening came just as a devastating price decline for DRAMs began. That decline prevented the $500 million project, which produces about 3 million chips per month, from building the adequate cash reserves necessary to sustain ongoing operations, the companies said. TI will form a new subsidiary that will buy Twinstar's assets and hire all of its employees, with both Hitachi and Texas Instruments expected to record special charges." Also listen to the RealAudio link to the right of the article. news.com careermosaic.com Good luck Mark