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

To: akidron who wrote (17698)	3/16/1998 4:08:00 PM
From: Teri Skogerboe	Read Replies (2) \| Respond to of 70976

Aki & All, Hitachi Reportedly Puts Off Construction Of Chip Plant In Japan Dow Jones Online News, Monday, March 16, 1998 at 12:54 TOKYO -(Dow Jones)- Hitachi Ltd. has decided to delay for two years the construction of a new semiconductor-manufacturing facility in Yamanashi Prefecture, the Nihon Keizai Shimbun reported Tuesday. The delay, the business newspaper said, stems from growing losses in Hitachi's (HIT) semiconductor business. Construction of the facility, estimated to cost about 110 billion yen ($858.2 million), was scheduled to begin in April. The plant was slated to begin full-scale production at the end of 1999, but the delay will push the start-up to the end of 2001. The facility will be constructed on a site adjacent to Hitachi's Kofu manufacturing site. In 1996, Hitachi spent about two billion yen to purchase the seven-acre parcel of land.