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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: DJBEINO who wrote (3895)	9/2/1998 11:34:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Hitachi and Mitsubishi to Close US Memory Factories Hitachi <TOKYO:6501> plans to close the Texas factory of U.S. subsidiary Hitachi Semiconductor in a late September move that will displace about 500 workers. The group noted that the factory has outdated production lines making low-capacity memory products and that updating to higher-value chips is out of the question. Following the closure will come the October 1 merger of Hitachi Semiconductor and Hitachi Microsystems, a design and development company, which will also lead to a staff reduction of 150 people. Group plans also call for consolidating 64Mb DRAM production in a new Singapore factory. In related news, Mitsubishi Electric <TOKYO:6503>, which closed one of its DRAM factories in North Carolina in March, will halt its semiconductor production operation in the U.S. by the end of October. The price of 64Mb DRAM dropped sharply, and the semiconductor makers that suffered a huge loss have been forced to downsize their operations.