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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: Patriarch who wrote (4367)	4/4/1999 4:58:00 PM
From: Patriarch	Read Replies (1) \| Respond to of 6180

TI Japan Announces a New Investment Plan to Strengthen Its Manufacturing Facilities TOKYO (April 1, 1999) Texas Instruments (NYSE:TXN) Japan (TIJ) announced today that the company will strengthen its manufacturing capability in Japan through focused and efficient capital investment in order to meet anticipated growth in DSP and analog markets. Under the plan, the company will consolidate its CMOS process line in the Hatogaya plant to the Miho site, building an 8-inch (or 200mm) wafer process line in Miho. The Miho site will become a base for manufacturing DSP and analog system-level integration chips. These areas are among the fastest-growing sectors of the semiconductor market and are the core of TI's long-term strategy. TI will make significant investment of 40-50 billion yen ($333 - 417 million U.S. dollars /@120yen) into Miho over the next three to four years. The existing Hatogaya plant, which has made a great contribution to the growth of TIJ for more than 30 years, will be closed by the end of 2000. The major products being manufactured in the Hatogaya plant, including LCD driver integrated circuits, will be manufactured in either Miho or Hiji. The Hiji site will be a base for BiCMOS analog/mixed signal manufacturing and for advanced packaging assembly/test through continued investment. "TI has been committed to the semiconductor market in Japan for more than 30 years. With these actions, we are further strengthening our manufacturing bases to better serve our customers," said Toshiaki Ikoma, representative director and president of TIJ. TI expects to recognize special charges in the first quarter of 1999 associated with the action in Japan.