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To: Skeeter Bug who wrote (40551)	10/30/1998 10:24:00 AM
From: DJBEINO	Respond to of 53903

Fujitsu Restructures Chip Operations In Singapore TOKYO -(Dow Jones)- Fujitsu Ltd. said Friday it will restructure its back-end semiconductor plant in Jurong Town in Singapore, in part by ceasing integrated-circuit production at the plant and transferring the rest of its operations to a new subsidiary. Fujitsu Microelectronics Asia Pte. Ltd. will be transferred to a new subsidiary to be set up by Fujitsu Quantum Devices Ltd. Fujitsu Quantum is a wholly owned subsidiary of Fujitsu and manufactures and markets compound semiconductor products. FMAL, which was set up in 1986, has been used mainly for the testing and back-end assembly of dynamic random access memory, or DRAM, chips and the production of compound semiconductors. The new subsidiary, provisionally named Fujitsu Quantum Devices Singapore Ltd. will manufacture microwave devices for mobile communication systems, as well as optical devices. It will also develop fundamental technology for compound semiconductors. Fujitsu will sell FMAL's integrated circuit assets to United Test & Assembly Ltd., a Singapore-based consignment assembly company by January 1999. Fujitsu will subsequently enter into contract with UTAC for the outsourcing of DRAM test operations. The restructuring measures are part of Fujitsu's plans to restructure its world-wide semiconductor operations partly because of the slump in the IC memory market.