Friday, October 7, 2005
Toshiba Corp. on Thursday (October 6) said that it plans to boost its semiconductor capital spending due to strong demand for flash memory and other products, according to a report from Reuters .
Toshiba (Tokyo) said it would look to boost capital spending above its initial plan for 169 billion yen ($1.49 billion) in the 2005 and 2006 time frame.
That number was revised up from 151 billion yen ($1.33 billion) figure, which was announced in July. It invested 203 billion yen ($1.79 billion) in the previous financial year.
Like rival Samsung Electronics Co. Ltd. of South Korea, Toshiba is expanding its flash memory production capacity. The Japanese company and SanDisk Corp. have a 300-mm flash fab venture in Yokkaichi.
Toshiba is also expected to raise its operating profit forecast for the first half due to flash demand.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
