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

To: Duker who wrote (28831)	3/4/1999 5:39:00 AM
From: Duker	Read Replies (1) \| Respond to of 70976

Sony, Toshiba Plan Joint Venture To Produce Chip for PlayStation Dow Jones Newswires [Last paragraph for those too busy to read the entire article: Sony Computer said it will invest 70 billion yen in the new facility in Nagasaki and 50 billion yen in new equipment for the joint venture facility in Oita. Oh, for the truly "efficient," transalting the 70Bn and 50Bn at 119 Yen is $588mm and $420mm ... which, when added together equal $1.008Bn.--Duker] TOKYO -- Sony Computer Entertainment Inc. and Toshiba Corp. said Thursday they agreed to set up a joint venture in Japan to produce the 128-bit central processing unit for the next generation PlayStation game console. The news boosted shares of Sony Corp.-- Sony Computer Entertainment is equally owned by Sony and Sony Music Entertainment (Japan) Inc. -- and Toshiba. At the close of trading in Tokyo, Sony was up 380 yen, or 4.19%, at 9450 yen. Toshiba surged 33 yen, or 4.79%, to 722 yen. The venture will be established in April and initially will be capitalized at 100 million yen ($820,000), the companies said in a statement. Toshiba will have a 51% stake in the venture, while Sony Computer Entertainment will hold the remaining 49% stake. Sony to Launch New PlayStation in Japan During the Fiscal Year (Mar. 3) Earlier this week Sony Computer Entertainment said it planned to launch the next generation PlayStation in Japan during the fiscal year starting April. At that time it named Toshiba as a co-developer of the central processing unit. The overseas release of the new PlayStation is scheduled for the fall of 2000. Toshiba and Sony Computer said initial production capacity at the joint venture, which will set up new production lines at an existing Toshiba facility in Oita, will be 10,000 wafers per month. The new chip will be available in the fall of this year, the companies said. Sony Computer Entertainment said it would also establish a new wholly-owned subsidiary company in Japan in April to produce the main graphics processor for the new PlayStation. Production at the facility will be in a new building next to Sony's existing semiconductor plant in Nagasaki. Sony Computer said it will invest 70 billion yen in the new facility in Nagasaki and 50 billion yen in new equipment for the joint venture facility in Oita. Sony, Toshiba Plan Joint Venture To Produce Chip for PlayStation Dow Jones Newswires TOKYO -- Sony Computer Entertainment Inc. and Toshiba Corp. said Thursday they agreed to set up a joint venture in Japan to produce the 128-bit central processing unit for the next generation PlayStation game console. The news boosted shares of Sony Corp.-- Sony Computer Entertainment is equally owned by Sony and Sony Music Entertainment (Japan) Inc. -- and Toshiba. At the close of trading in Tokyo, Sony was up 380 yen, or 4.19%, at 9450 yen. Toshiba surged 33 yen, or 4.79%, to 722 yen. The venture will be established in April and initially will be capitalized at 100 million yen ($820,000), the companies said in a statement. Toshiba will have a 51% stake in the venture, while Sony Computer Entertainment will hold the remaining 49% stake. Sony to Launch New PlayStation in Japan During the Fiscal Year (Mar. 3) Earlier this week Sony Computer Entertainment said it planned to launch the next generation PlayStation in Japan during the fiscal year starting April. At that time it named Toshiba as a co-developer of the central processing unit. The overseas release of the new PlayStation is scheduled for the fall of 2000. Toshiba and Sony Computer said initial production capacity at the joint venture, which will set up new production lines at an existing Toshiba facility in Oita, will be 10,000 wafers per month. The new chip will be available in the fall of this year, the companies said. Sony Computer Entertainment said it would also establish a new wholly-owned subsidiary company in Japan in April to produce the main graphics processor for the new PlayStation. Production at the facility will be in a new building next to Sony's existing semiconductor plant in Nagasaki. Sony Computer said it will invest 70 billion yen in the new facility in Nagasaki and 50 billion yen in new equipment for the joint venture facility in Oita.