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

To: Gottfried who wrote (22459)	8/4/1998 2:07:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

GM/All, Canon breaks new ground and says now is the time to invest for the upturn despite the current sector recession: pubs.cmpnet.com A service of Semiconductor Business News, CMP Media Inc. Story posted at 4 p.m. EDT/1 p.m., PDT, 8/3/98 Canon breaks ground on new headquarters SANTA CLARA, Calif.--Canon U.S.A. Inc. began construction today on a 172,000-square-foot facility that will eventually become the main base of operations for its semiconductor equipment division. The location will also house Canon's northern California operations, including several other product divisions. Construction is expected to be completed by mid-1999. The move comes as the chip and equipment industries are beset by a wide-ranging downturn, and indicates Canon's confidence in an eventual uptick in the market. "Canon is going forward with a major new facility in spite of the current slow business period for the semiconductor industry," said Noriharu Hirai, vice president and general manager of the division. "This is the time to invest in support and prepare for the upturn." The San Jose facility will include a cleanroom with photoresist track systems and metrology tools for applications development and process evaluation. There will also be training and demonstration rooms for high-end lithography technologies. "Building a major facility at the hub of Silicon Valley is a statement of Canon's leadership in imaging technology," said Hirai.