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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (44632)	3/30/1999 7:49:00 PM
From: DJBEINO	Read Replies (2) \| Respond to of 53903

Matsushita Electric to exit DRAM chip market-report NEW YORK, March 30 (Reuters) - Matsushita Electric Industrial Co Ltd. will end production of computer memory chips, a Japanese newspaper reported Tuesday. Matsushita will stop making the Dynamic Random Access Memory (DRAM) chips in April and focus on system logic chips, company sources told leading Japanese business daily Nihon Keizai Shimbun. Matsushita's U.S.-based DRAM-chip-making unit halted operations last fall. Chip sales at Matsushita Electric reached about 370 billion in fiscal 1997, ranking it sixth among Japanese chip makers. DRAMs accounted for 15 percent of Matsushita's revenues from chips at one time but falling DRAM prices cut that to 5 percent, the newspaper said. U.S. chip maker Micron Technology Inc. (NYSE:MU - news) said last month it expected to pick up business as Japanese and South Korean competitors lose market share. The Boise, Idaho, company is the only major U.S. memory chip maker remaining after its 1998 acquisition of Texas Instrument Inc's DRAM business. biz.yahoo.com