Tuesday, November 25, 2003
Toshiba Corp. today announced it would raise its semiconductor capital expenditure by about $109 million (12 billion yen) to expand memory production at its Oita operations in Kyushu, Japan.
The financial shot in the arm will raise Toshiba's capex on semiconductors in this fiscal year from $1.07 billion to $1.18 billion (118 billion yen to 130 billion yen), and is needed to meet increased demand for memories, particularly flash memory for personal digital products like digital still cameras and cellular phones with cameras, Toshiba said.
"The decision to expand the memory production line in Oita, which is Toshiba's main production site for systems LSIs, reflects greater-than-expected demand for memories," Shigeo Koguchi, president of Toshiba's semiconductor company, said in a statement.
At Yokkaichi Operations in Mie prefecture, Toshiba's main memory production base, the company is supporting expanding production of flash memories and multi-chip packages, in advance of construction of new 300mm lines, and will reinforce this program by expanding memory production at Oita, Toshiba said.
"Alongside expanding production at Yokkaichi, the Oita investment will assure Toshiba maintains leadership in key segments of the memory market," Koguchi said.
Yokkaichi will also see raised outsourcing efforts, Toshiba said.
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