Toshiba to spend $1.8 bln to lift NAND output-paper

Japan's Toshiba Corp. (6502.T: Quote, Profile, Research) is expected to spend about 200 billion yen to boost output capacity of its flash memory chips by 150 percent in three years, the Nihon Keizai Shimbun business daily said on Sunday.

Toshiba, the world's seventh-largest chip maker, competes with industry leader Samsung Electronics Co. Ltd. (005930.KS: Quote, Profile, Research) in the fast-growing market for NAND flash memory, widely used in digital cameras, photo-snapping phones and portable music players such as Apple Computer Inc.'s (AAPL.O: Quote, Profile, Research) iPod shuffle.

Source: Reuters


Posted: Sun - August 21, 2005 at 10:44 AM