Hitachi and NEC in joint venture to build plant

Hitachi and NEC in joint venture to build plant

Memory chip vendor Elpida Memory, a joint venture of Hitachi and NEC, will invest approximately 160 billion yen to build its first plant dedicated to producing DRAM (dynamic random access memory) chips, the company has announced. Construction of Elpida's first wafer fabrication plant is scheduled to begin in January next year on the site of NEC's existing manufacturing site in Hiroshima, in western Japan. Volume production of 256MB DRAM chips manufactured on 300-millimetre wafers using .13 micron process technology is expected to begin in the first half of 2002, Elpida said in a joint statement with its two owners. Hitachi and NEC will also inject an additional 20 billion yen into Elpida to fund the construction of the plant's shell, the statement said.

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